I'm not sure all the details but there is an article in the November 29th issue
of Wards Automotive Reports, a weekly news letter. Basically it says SAIC will
buy 70% as you noted but will then have control of all intellectual rights.
Plans are to jointly develop cars to sell in both Europe and China.
-----Original Message-----
From: Paul Hunt [mailto:paul.hunt1@blueyonder.co.uk]
Sent: Thursday, December 02, 2004 4:23 AM
To: Mclean, John R; mgb-v8@Autox.Team.Net; shelles@sympatico.ca
Subject: Re: Sad News
What is your source? I can't find that on Google or the MG BBS or my local
news this morning which covers the area containing the HQ. They have been
in negotiation for some time for a joint venture in China where SAIC will
own 70% and MG Rover 30% but MG Rover in the UK will remain wholly owned as
before, but in return for a cash injection.
PaulH.
----- Original Message -----
From: "Mclean, John R" <JohnRMclean@eaton.com>
To: <mgb-v8@Autox.Team.Net>; <shelles@sympatico.ca>
Sent: Wednesday, December 01, 2004 4:37 PM
Subject: Sad News
> In case you hadn't heard SAIC has purchased MG Rover. The deal will take
effect early next year.
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