Why the Chinese Are Beginning to Regret Giving Mg Rover a Lift
Birmingham Post › April 04, 2005
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Summary
The crisis surrounding beleaguered MG Rover deepened this weekend with news that a team of negotiators, from the Department of Trade and Industry, had been despatched to China to try to kick the wheel back on the lifesaving joint venture with Shanghai Automotive Industry Corporation.
It also emerged that the Government is becoming increasingly desperate to keep the last British-owned volume car producer on the road - at least until after the General Election - and is offering MG Rover apounds 100 million bridging loan to tide it over until Saic's money starts to flow in.See the full content of this document
Extract
Why the Chinese Are Beginning to Regret Giving Mg Rover a Lift
The Chinese, however, must now be wondering what on earth they have got themselves into.
Not least, because it looks a...See the full content of this document
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