PwC selects Nanjing to buy MG Rover assets

Newswire

LONDON, July 22 (Reuters) - Administrators PricewaterhouseCoopers said on Friday it had selected China's Nanjing Automobile to buy the assests of bankrupt British carmaker MG Rover and its engine producer Powertrain. "Nanjing has indicated its intention to relocate the engine plant and some of the car production plant to China, to retain some car production plant in the UK and to develop an R&D and technical facility here," PwC said in a statement. Chinese rival Shanghai Automotive ...

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