Nanjing Automobile Group of China wins the bidding war to buy the assets of Britain's MG Rover and its engine maker. Nanjing was picked over rival Chinese auto maker Shanghai Automotive Industry Corp. by administrators PricewaterhouseCoopers. (See related story: SAIC, Magma Make Formal Joint MG Rover Bid) An SAIC spokesman tells Reuters it is considering challenging the decision. SAIC owns the rights to build both the Rover 25 compact and 75 sedan models. “SAIC has put in a superior ...
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