Rover, Shanghai Auto discuss deal
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British automaker MG Rover discussed Saturday a $1.8 billion deal with China&#39;s Shanghai Automotive Corp., the BBC reported. The two companies would set up a new company to produce cars for the Chinese market under the deal.
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Ford says it will take up its option to buy the Rover brand name from BMW but does not disclose what it will pay.
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The Indian company said it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover.
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MONTREAL (CP) - Bombardier Transportation has been selected by the Chinese government to negotiate a rail equipment contract worth a reported &#36;4.5 billion Cdn.
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MG Rover and its strategic partner Shanghai Automotive Industry Corp (SAIC) of China could make a joint bid to buy the Polish car operations of South Korea's bankrupt Daewoo Motor.
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Bids are expected on Thursday for Fordâs Jaguar and Land Rover units from a variety of companies, including private equity firms, and possibly other automakers.
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MG Rover Group Ltd., the last British volume carmaker, is ``confident&#39;&#39; it will sign a 1 billion-pound ($1.86 billion) investment agreement with Shanghai Automotive Industry Corp.
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Loss-making MG Rover has already received millions of pounds from Shanghai Automotive Industry Corporation, the Chinese carmaker with which it is negotiating a strategic alliance.
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Top Chinese car maker SAIC Motor Corp  will sign an agreement to buy the manufacturing assets of  smaller rival Nanjing Automobile Group on Wednesday, the  Shanghai Securities News said, in a deal worth up to $1.9  billion.
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Ford Motor Co.  had preliminary talks with Cerberus Capital Management about selling Cerberus its Jaguar and Land Rover brands, but the discussions have been inconclusive, according to a report on the website of The Wall Street Journal.
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HONG KONG - China&#39;s biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which comes amid reports it might buy IBM Corp.
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DaimlerChrysler AG's Chrysler Group   DCXGn.DE could link up with a Chinese automaker to   launch a new small car as Chrysler works to conclude a review   of potential partners in the coming weeks, Chief Executive Tom   LaSorda said on Monday.
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MG Rover is about to seal a Â£1bn agreement to help build 200,000 cars a year in China.
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Chinese company Shanghai Automotive Industry Corp. may be ready to step in to save ailing British car manufacturer MG Rover, a media report said.
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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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Ford Motor Co. said on Thursday it has had contact with interested parties for its Land Rover and Jaguar luxury brands and is evaluating the level of interest.
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MG Rover&#39;s talks with Shanghai Automotive Industry (SAIC) over a cooperation agreement do not include the Chinese carmaker buying or taking