Shanghai Auto says no to Rover

The Chinese auto company, Shanghai Automotive Industry Corp. (SAIC),  said they have no intentions of taking over doomed British MG Rover. But it’s not over for Rover; as Pricewaterhouse Coopers tear apart the company’s assets, it may approach SAIC with a new offer for certain parts of Rover like the brand name and some of their technologies. SAIC has been pursuing this deal for so long, sources have said it would be hard for them to walk away without some part of MG Rover. Sad to see Rover picked over like carrion.

By avant1963@cheersandgears.com
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The Chinese auto company, Shanghai Automotive Industry Corp. (SAIC),  said they have no intentions of taking
over doomed British MG Rover. But it’s not over for Rover; as Pricewaterhouse Coopers tear apart the company’s assets,
it may approach SAIC with a new offer for certain parts of Rover like the brand name and some of their
technologies. SAIC has been pursuing this deal for so long, sources have said it would be hard for them to walk away
without some part of MG Rover. Sad to see Rover picked over like carrion.