Rover tie-up with Chinese car group may not bring salvation
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MG Rover may have hit the headlines through its tie-up with a leading Chinese automaker, but the deal -- if it even goes through -- may not be enough to pull the embattled British car manufacturer out of the mire, experts warn.
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Chinese carmaker Nanjing Automobile Corporation on Tuesday breathed new life into Longbridge, the central England car factory which was mothballed when Britain&#39;s MG Rover went bankrupt in 2005.
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Chinese stocks have been slammed, but that doesn't mean they're done.
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THE head of MG Rover has held out the prospect of increased production at the car giant&#39;s UK factory under plans to link up with China&#39;s biggest auto manufacturer.
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The Shanghai Automotive Company, Chinaâs largest carmaker, agreed to buy out its partners in a truck maker and an auto-parts venture for 1.48 billion yuan ($194 million) to combine and expand its commercial-vehicle operations. The operations being taken over, the Shanghai Huizhong Automotive Manufacturing Company and the Shanghai Wanzhong Automotive Components Company, will become part of a Shanghai Automotive unit, the SAIC Motor Corporation, Shanghai Automotive said. The automaker already owns half of both ventures. The move is in line with a government plan to combine the countryâs automakers.
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Business & money: Blueprint to redevelop former MG Rover car plant unveiled by local authority leaders
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Renault SA and Nissan Motor Co. probably won't buy an equity stake in General Motors Corp. , according to people familiar with the companies' discussions about an alliance.
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Chryslerâs deal with the Chinese automaker, Chery, is the first attempt by a U.S. automaker to use China as a manufacturing base for world markets.
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MG Rover, the ailing British carmaker, has signed a binding agreement to hand over technology and know-how to the Shanghai Automotive Industry Corporation (SAIC).
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The board of DaimlerChrysler said it had approved an alliance of its Chrysler Group unit and the Chery Automobile Company of China aimed at the market for smaller cars. Under the deal, which would not include an equity investment, Chery would build vehicles under Chryslerâs brand names for sale in the United States and Europe, DaimlerChrysler said. Chrysler reached its deal with Chery at the end of December.
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BEING - China Mobile may form a joint venture with Britain&#39;s Virgin Group to provide mobile communication service. Virgin Group had earmarked US$300 million for a mobile phone joint venture in China, the worlds
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UK carmaker MG Rover denies a report which says the firm is to be taken over by China's largest automaker - Shanghai Automotive Industry Corporation.
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Ford Motor Co  will exercise its  right to buy the Rover brand name from German premium carmaker  BMW , a spokesman for Ford's Premier Automotive Group  said on Monday.
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A Romanian-built offering based on a military vehicle is about to charge into the U.S. sport-utility vehicle market, although the low-volume model isn't likely to trample on Toledo-built descendants of the ...
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The collapse of carmaker MG Rover could cost Britain's private sector and former workers more than 600 million pounds (879 million euros, 1.1 billion dollars), an official report suggested.
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Ford Motor Co  will exercise its  right to buy the Rover brand name from German premium carmaker  BMW , a spokesman for Ford's Premier Automotive Group  (PAG) said on Monday.
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Latest robotic development suggests the company might not just be leaping its automotive competitors.