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Category Archives: Business
SAIC – MG Rover deal: the Chinese hold all the cards
From the Guardian: The Chinese company that last week spurned a life-saving deal with insolvent MG Rover has an effective veto over the sale of the company’s assets by the administrators. Shanghai Automotive Industry Corporation (SAIC) paid just £67m in … Continue reading
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MG Rover will not be rescued by Shanghai money
It seems that Shanghai Automotive Industry Corporation (SAIC) is not going to be suckered into throwing serious money at the loss-making British car manufacturer MG Rover. Confirming that the deal is dead, spinmeister Tony Blair told reporters: “It is possible … Continue reading
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