LONDON — Thousands of jobs and a symbol of British manufacturing are saved in an 11th hour deal that has BMW AG selling its Rover car company to a U.K. consortium. The Phoenix group bought Rover and its MG brand for a symbolic £10 (US$16). Rover's new ownership officially began on May 9. The sale followed months of uncertainty that had BMW originally selling the group to venture capitalists Alchemy Partners. Alchemy broke off negotiations with BMW over questions about who would fund ...
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