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• Chinese carmakers to join forces: reports

  - 2007-07-28

  BEIJING AFP — Chinese car giant Shanghai Auto and the country's oldest carmaker have agreed to join forces in the highly competitive market, state press said Saturday. Shanghai Auto SAIC and Nanjing Automobile Corporation NAC will set up a working group to study how they could work together, and...

  Tags: Agence France-Presse, Beijing, carmaker, SAIC

• China's Nanjing Auto in final talks on MG Rover's future

  - 2006-01-11

  SHANGHAI AFP — A decision over iconic British carmaker MG Rover's future is expected next week after talks wind up between the company's Chinese owner and its British partner. The deal between Nanjing Automobile, which paid 53 million pounds (77 million euros, 87 million dollars) for Rover's assets, and...

  Tags: Agence France-Presse, asset, Litigation, SAIC

• China's Nanjing Auto in talks with FAW on Rover development

  - 2005-11-08

  SHANGHAI AFP — Nanjing Automobile Group Corp has held talks on jointly developing Britain's Rover-branded autos with First Automobile Works Group Corp FAW, another state-owned Chinese car maker, a report said. Last weekend, a group of high-ranking FAW officials visited Nanjing Auto, which is seeking partners to help shoulder...

  Tags: Agence France-Presse, Manufacturing, SAIC, Shanghai

• British trade unions not drawn on Nanjing report over MG Rover

  - 2005-07-26

  LONDON AFP — British unions would not be drawn on a Financial Times report stating that China's Nanjing Automobile tried to sell a majority stake in MG Rover to unsuccessful bidders. Nanjing overcame competition from both Shanghai Automotive Industry Corp SAIC, China's biggest carmaker, and David James, the corporate...

  Tags: Agence France-Presse, car, China, Manufacturing, SAIC

• Collapsed carmaker MG Rover sold to a Chinese firm: administrators

  - 2005-07-22

  LONDON AFP — The collapsed British car firm MG Rover has been sold to the Chinese company Nanjing, administrators said, raising hopes of a limited return of production at the factory in central England. Joint administrator Tony Lomas said Nanjing would now begin to take control of the assets...

  Tags: administrator, Agence France-Presse, SAIC

• Chinese auto maker Geely in talks to buy MG Rover

  - 2005-06-20

  BEIJING AFP — China's biggest private automaker Geely Group said it is in talks with MG Rover to buy the collapsed British car manufacturer but analysts argued it will have problems finding sufficient funds to secure a purchase. "We are indeed in touch with Rover," a spokesman for Geely...

  Tags: Agence France-Presse, China, Manufacturing, SAIC

• Shanghai Auto rolls out expansion plan with partners GM, Volkswagen

  - 2005-05-27

  SHANGHAI AFP — Shanghai Automotive Industry SAIC said it will aggressively boost its car and engine production capacity despite sharply slowing sales growth in the world's third largest vehicle market. Following its failed bid to take over bankrupt British carmaker MG Rover, SAIC unveiled a plan that with its...

  Tags: Agence France-Presse, General Motors Corp., SAIC, SALES, Shanghai, Volkswagen AG

• Britain's bankrupt MG Rover was "20 minutes" from China car deal: owners

  - 2005-04-20

  LONDON AFP — The owners of failed British car maker MG Rover revealed that they were just "20 minutes" from completing a rescue deal with a proposed Chinese partner last week, before Shanghai Automotive Industrial Corporation SAIC dramatically changed its mind. Clinging on to hope of there still being...

  Tags: Agence France-Presse, Britain, British Broadcasting Corp., car, Government, Manufacturing, PricewaterhouseCoopers Consulting, SAIC, worker

• British government orders enquiry into Rover collapse

  - 2005-04-16

  LONDON AFP — The British government ordered an enquiry into the collapse of British automaker MG Rover that has led to the immediate loss of 5,000 jobs. "Yesterday I asked Sir Bryan Nicholson, who is chair of the Financial Reporting Council, to investigate the accounts of MG Rover and...

  Tags: Agence France-Presse, FINANCE, Manufacturing, Phoenix Technologies, SAIC

• British PM had once pushed for MG Rover loan against advice

  - 2005-04-15

  LONDON AFP — British Prime Minister Tony Blair had at one point insisted against the advice of colleagues that automaker MG Rover be given a 100 million pound (188 million dollar, 146 million euros) rescue package. Finance minister Gordon Brown and other officials had said such a loan would...

  Tags: Agence France-Presse, Financial Times, Manufacturing, MARKETING, SAIC