Surprise Purchase of MG Rover by China's Nanjing Automotive
After what might be the biggest automotive-related disaster of the new millennium, the dust has finally settled on MG-Rover. Britain's last volume carmaker is finally under Chinese ownership, but the new owners may surprise you. While the scuffle between Shanghai Automotive (SAIC) and MG-Rover's former parents, Phoenix group initially brought the brand into receivership, the proud new owner is a small, state-owned carmaker called Nanjing Automotive
