RPT-Shanghai Auto plans to buy UK's MG Rover - paper

Newswire

(Repeats to fix typo in "buy" in headline) FRANKFURT, Aug 23 (Reuters) - Shanghai Automotive Industry Corp (SAIC), China's largest passenger carmaker, plans to buy privately held British automaker MG Rover, the Automotive News weekly reported on Monday. Quoting sources in England and China, the paper said SAIC would boost its ambitions to become the world's sixth-largest automaker by taking an initial equity stake in MG Rover, the size of which was still under discussion. It said SAIC ...

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