Rovers Been Bought

[darren5591]

Rover has been bought by some chinese company, does this mean longbridge will still be used????

 

 

i know the S1 used rover k series engine , what engine does the S2 use?

[Steve J]

Which Chinese company? There were two that were buying up bits ready for the big deal.

 

All S2 variants also uses K series up to 2003, then

 

S2 standard still K series

111S K series

111R Toyota

Exige Toyota

[darren5591]

Rover sold to Nanjing Automobile

 

The Rover 75 could be at the centre of a legal tussle

Chinese carmaker Nanjing Automotive has secured ownership of MG Rover for an unknown sum, after a three-way bidding battle spread over three months.

It was one of two Chinese companies trying to buy the assets of MG Rover, the other being Shanghai Automotive.

 

Although Nanjing was the smaller firm it secured a deal with administrators PriceWaterhouseCoopers (PwC) on Friday.

 

"Nanjing will now begin to take control of the assets and develop its plans for the future," said Tony Lomas of PwC.

 

The news is a blow for UK businessman David James, whose Kimber group had put in two bids to buy parts of Rover.

 

Earlier this week Mr James, the company-recovery specialist who helped revive the Millennium Dome, told the BBC the combined value of his bid would be about £40m.

 

Technical facility

 

Joint administrator Mr Lomas said Nanjing intended to relocate the engine plant and some car production plant to China but to "retain some car production plant in the UK".

 

He added that Nanjing, China's oldest carmaker, also planned to develop an R&D and technical facility in the UK.

 

Thats what it says on www.bbc.co.uk

[darren5591]

http://news.bbc.co.uk/1/hi/business/4708739.stm