MG Rover still in limbo

Reuters reported today that MG Rover's new owner, Nanjing Automobile, will fail to meet its year-end deadline to announce plans to revive the British automaker.
Apparently the Chinese auto company is still searching for investors and a new management team.

MG Rover closed its doors earlier this year, unable to meet its debt obligations. 5,000 auto workers lost their jobs in the process.

While November's announcement that Nanjing had a tentative agreement with its partner, GB Sports Car, to take over the Austin-Healey brand indicates that there is at least some life in Nanjing's revival planning, it looks increasingly like MG Rover fans and employees should settle in for a long, cold winter.

For more on the history and fate of MG Rover check out its enthusiast site here, and this in-depth analysis of its current struggles.