With the deal in place, the way is clear for GB Sports Car to unshutter the company's plant in Birmingham and restart assembly of the MG TF and ZT. Additional models will likely be floated in from China.
Intriguingly, the deal reportedly also licenses the Austin Healey nameplate from the Chinese company, which will likely set the table for a revival of the storied marque.
In the meantime, an investigation into the automaker's collapse has been gathering steam, including a Department of Trade and Industry probe by the British Government.
[Source: Edmunds Inside Line]