Whats happening with mg rover?
Answers:
When it went into Adminstration it was bought by Nanjing Autos (China).
Nanjing have now signed a 33-year lease and has plans to restart production of the MG TF sports car in 2007, employing between 600 and 1,000 workers. But the lease has a six-month get out clause, allowing Nanjing to walk away.
Nanjing's acquisition of MG Rover only included the rights to use the MG brand.
The Rover brand is still owned by Rover Group's former parent BMW.
Nothing else has been said around this, so I assume they are stilll planning to reopen in 2007. However, given the story of Longbridge, I expect something to come up between now and then!
It is out of business,:(. Possibly it could reopen.
Out of business is what I have heard.
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