Nanjing signs 33-yr lease on former MG Rover site

Newswire

LONDON, Feb 22 (Reuters) - Property developer St. Modwen Properties Plc said on Wednesday Chinese carmaker Nanjing Automobile had signed a 33-year lease on the former MG Rover plant at Longbridge in central England. "A landmark agreement, which opens the way for future car production at Longbridge, Birmingham, was signed today," St.Modwen said in a statement. Nanjing, which bought MG Rover out of bankruptcy last year, was quoted in the statement as saying it planned to move forwards with ...

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