MG Saviour?
15:52pm 12 May 2005
Chapman Automotive Ltd is in the final stages of putting together a bid to
purchase assets related to MG from the administrators of MG Rover Group Ltd and
Powertrain Ltd.
Finance for the bid - which relates only to the MG brand, the TF two-seater
sports car and associated manufacturing equipment - is supported by a
consortium of investors including an overseas vehicle manufacturer, a US-based
investment fund and a wealthy entrepreneur.
The Chapman Automotive plan sees the revival of the MG TF model only and the
transfer of its production from Longbridge to another facility in the West
Midlands.
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