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| Nanjing Automobile in talks with potential Longbridge joint venture partners |
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Nanjing is in talks with partners about restarting production at Britain's mothballed MG Rover car plant, according to a Nanjing executive quoted by today's Financial Times.
Wang Qiujing, head of the company's British operations, told the FT that Nanjing Automobile is talking to at least three partners and is open to further approaches and hoped for a British manufacturing joint venture, based on Nanjing providing Chinese-made components for UK assembly, access to the Chinese market for built-up vehicle sales, and shared development costs.
He said the size of Nanjing's stake in any partnership was negotiable, and it would not insist on a majority holding. However, it was not willing to sell the business it had acquired from MG Rover's administrators.
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Source : http://www.autoindustry.co.uk
(10/28/2005)
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Stories of Saturday, October 29, 2005 |
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| Murano buyers offered DVD package |
| Uncertain future for Fiat UK |
| Ford Motor says to invest $75 million in India |
| Audi boxes clever |
| Daytona beckons, thanks to STP |
| Ford Focus ST |
| Mitsubishi Agrees to Supply Smart Engines |
| Vauxhall details new performance VXRs |
| Hyundai Puts Minivan Back On Track |
| Ex-Rover staff get Nanjing invite |
| Castrol has developed a new branded dealer programme called 'Service Rewards' which is being launched in the UK. |
| Audi Launches Europe's First Brand-Specific TV Channel |
| Next-Generation Volvo S80 Will Gain V8 Power |
| 4x4 Subaru heads to the UK |
| Struggling Ford Limits Bathroom Breaks at Navigator Plant |
| Mitsubishi Planning New V6 Outlander for U.S. |
| AutoTurkey 2006 conference set for 25-26 January |
| TRW Automotive completes Spanish airbag maker acquisition |
| Ford Delivers Hydrogen Focus Fuel Cell Fleet |
| PSA Peugeot Citron's nine-month sales up 1.3%; inventory cuts planned |
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| MADD Kicks Off 2005 Strides for Change 5K Walk October 29 at Milam Park |
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| Hot Wheels Booth at SEMA Offers Much More Than Die-Cast |
| Mitsubishi To Supply Engines For Smart Car |
| Micron Technology launches new automotive image sensor chip |
| Historic Ski Jump Commercial To Celebrate 25 Years Of Quattro |
| Programs to Leave |
| Mercedes-Benz Unveils R-Class Grand Sports Tourer |
| Ford Dagenham employees mark plant anniversary with new Transit diesel |
| Nissan reports 5.5% fall in quarterly operating profit |
| Toyota Builds on the Past, Looks to the Future in 2005 North American Environmental Report |
| Autobytel's Automotive Video for Hot-Off-the-Shelf Video iPods |
| Automotive sector is now third-largest PCB consumer |
| Monaco Coach Corporation Reports Third Quarter Results |
| GM Recalls Nearly 106,000 SUVs |
| BMW revises Z4 engine line-up |
| McRae's Fabia time Down Under |
| GM recalls nearly 106,000 SUVs to fix door latch |
| AvtoVAZ Chief Calls It Quit-ski |
| Hot-Blooded 408-Horsepower Volvo XC70 Roars in to SEMA |
| Daimler unit to appeal against ruling in MAN case |
| BMW 3-Series tops thieves' wish list |
| Ford's head of hybrid program to leave |
| New Buick Crossover Christened "Enclave" |
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