Stiff upper lip: MG Rover, the last British-owned car-maker, has fallen into Chinese hands.
CHINESE car manufacturer Nanjing Automobile has won a bid to purchase the assets of the MG Rover Group and its engine producer Powertrain Limited. Administrators PricewaterhouseCoopers said the Nanjing Automobile (Group) Corporation was chosen ahead of a bid from the Chinese auto giant Shanghai Automotive Industry Corporation (SAIC) and a consortium led by former Ford of Europe boss Martin Leach. It made no mention of a third, last-minute bid from a British-based consortium known as Project Kimber. ...continued