Holy Cow! What next? At least *#ss will have the standard parts already
available! This is as disconcerting as the Boston Redsocks being purchased by a
New Yorker!!
Dave
59 :{)
59 MGA 1500
KGROWLER@aol.com wrote:
> This press release issued today from MG Rover:
>
> MG ROVER HOLDINGS AND CHINA BRILLIANCE HOLDINGS DISCUSS MAJOR ALLIANCE
>
> MG Rover and China Brilliance Holdings Co. Ltd (CBH), part of the Brilliance
> Group, are in discussions relating to the formation of a wide-ranging
> strategic alliance and co-operation agreement.
>
> The scope of the proposed agreement does not involve a cross-equity
> shareholding by the parties. The scale of the proposed technical and
> commercial collaboration, however, includes the following areas:
>
> a.. The formation of a ground-breaking co-operative arrangement for the
> joint development of new models, for the mutual benefit of both companies.
> b.. The manufacture of a range of vehicles in the UK and China (the worlds
> fastest growing automotive market).
> c.. The establishment of a joint engine strategy, which will see both
> companies use each others engines.
> d.. The establishment of a common component supplier base to maximise
> economies of scale.
> e.. The establishment of a joint research and development centre.
> The proposed alliance represents an exclusive arrangement of this nature for
> both parties in the UK and China. Several meetings have taken place but as
> yet no formal decisions have been taken. Further announcements will be made
> in due course.
>
> Kim Tonry
> Downers Grove, IL, USA
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