MG Rover Is `Confident&#39; Over 1 Billion-Pound Shanghai Auto Deal
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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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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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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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The London Stock Exchange (LSE) is  confident of winning shareholder support for its 1.6 billion  euro ($2.2 billion) bid for Borsa Italiana, it said on Monday,  despite a mixed reception to the deal.
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Shanghai Automotive Industry Corp. and Nanjing Automobile Corp., said they will combine their production assets in hopes of creating a globally competitive firm.
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London Stock Exchange (LSE) directors are confident that the firm's investors will approve its takeover of Borsa Italiana.
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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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SYDNEY: James Hardie Industries yesterday struck a deal to pay US$1.1bil to compensate asbestos-related disease sufferers, boosting the company&#39;s stock as much as 8% as a 14-month row over funding neared its end.
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"We hope both parties can reach an agreement in the forthcoming weeks, though these are complex discussions and there is still much work that needs to be done before that position is reached."  Ford Motor Co. picked India's Tata Motors Ltd. as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday. Ford has entered into "focused negotiations at a more detailed level" with Tata, meaning it has become the preferred bidder for the storied British automakers, the company said in a statement. "There is still a considerable amount of work to do, and while no final decision has been made, we will proceed with further substantive discussions with Tata Motors over the forthcoming weeks with a view to securing an agreement that is in the best interests of all parties concerned," Lewis Booth, executive vice president of Ford's European units, said in a statement. Read more
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Chinese carmaker Shanghai Automotive Industry Corp. (SAIC) has played down reports that it is about to sign a deal for a joint venture with MG Rover, the Times newspaper reports.
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PERTH (Dow Jones)--Signing up China&#39;s biggest construction company, Fortescue Metals Group Ltd. (FMG.AU) on Monday inched closer to realizing its A$1.
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Ford Motor Co.'s F.N Land Rover luxury   unit is on track to set a fresh record in global sales, helping   the brand attain sustained profitability, the unit's managing   director said.
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Chrysler, with a new owner and a new boss, is placing a big bet on a fledgling Chinese automaker.
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Shanghai Automotive Industry Corp. (SAIC), the biggest saloon car producer in China, signed here contract with creditors of South Korean Ssangyong Motor Co.
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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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THE head of Jaguar&#39;s Formula One team said yesterday he was confident a buyer would be found by the end of the year. Jaguar owner Ford said last week it was ending its association with Formula One racing at the end of the season and selling the team.
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Auto supplier&#39;s shares rise after it says it will sell more companies that aren&#39;t market leaders. By Jeff Green and Jeff Bennett / Bloomberg News.