Nanjing Automobile Corporation buys MG Rover

Nanjing Automobile Corporation has bought MG Rover for £50m. Rival bidder Shanghai Automotive Industry Corporation, which owns the intellectual property rights to the Rover 25, 75 and the K-series engine, has threatened legal action but admini

Nanjing Automobile Corporation has bought MG Rover for &£50m. Rival bidder Shanghai Automotive Industry Corporation, which owns the intellectual property rights to the Rover 25, 75 and the K-series engine, has threatened legal action but administrator PricewaterhouseCoopers has said the sale will go ahead.

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