Summary
Talks designed to save MG Rover have stalled after China's state- owned Shanghai Automotive Industry Corporation learned full details of the manufacturer's dire financial situation.
Officials from the Department for Trade and Industry have been in Shanghai for the past four days to try to finalise a joint venture agreement between SAIC and Birmingham-based MG Rover, which employs 6,000 people at Longbridge.See the full content of this document
Extract
Rover China Deal Stalls
However, it has becomeclear that the firm's financial position is worse than the Chinese or the British Government had realised.
Even i...See the full content of this document
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