--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
SAIC Silent over MG Rover's Bankruptcy Protection

The Shanghai Automotive Industry Corp. (SAIC) has remained silent as MG Rover, Britain's last independent carmaker, filed for bankruptcy.

 

A company spokesman said on Sunday that SAIC may soon announce its decision on whether talks with MG Rover will continue on the proposed car making joint venture, but no definite information is available now.

 

Industry analysts in Shanghai say SAIC has learned that MG Rover's financial situation is worse than it expected and fears that Phoenix Venture Holdings, the company that controls the British car manufacturer, may become bankrupt too within two years.

 

That would put SAIC under a heavy financial burden, they say, as it would have to repay MG Rover's 427 million pounds of interest-free loan to BMW, its former owner.

 

The analysts therefore assume that SAIC will proceed with the talks only if it is certain that Phoenix will not become bankrupt before Rover's new car is rolled out in 2007.

 

Many believe the talks will end with MG Rover's bankruptcy.

 

MG Rover has been struggling to break even since it was sold four years ago by Germany's BMW to four businessmen in central England.

 

The British government has been making efforts to help the 100-year-old company reach an agreement with SAIC before the general election in May to prevent it from collapsing with the loss of several thousand jobs.

 

MG Rover and SAIC have been in talks for six months to create a joint venture that would give SAIC a foothold in Europe and rejuvenate Rover's model range, but the deal appears to have stalled.

 

Earlier Thursday, MG Rover said it had halted production at its Longbridge plant in Birmingham in central England, and called on the government to firm up its offer of a 100 million pound bridge loan to keep the company solvent and assist the proposed deal.

 

(Xinhua News Agency April 11, 2005)

 

Blair Tries to Save SAIC Deal for MG Rover
MG Rover Committed to Deal with SAIC
Rover's Talks with SAIC Continue
Shanghai Auto to Seek Nod for Rover Deal
SAIC to Hold 70 Percent of Rover Venture
Britain Offers Sweetener for Rover China Deal
Shanghai Auto's Talks with MG Rover Advance
Shanghai Auto Plays down Rover Deal
MG Rover Plans to Export Cars from China
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 免费能直接在线观看黄的视频免费欧洲毛片**老妇女 | 欧洲97色综合成人网| 日日噜狠狠噜天天噜av| 人妻无码久久中文字幕专区| 成人免费视频69| 女教师合集乱500篇小说| 中文字幕欧美激情| 日本色图在线观看| 亚洲精品午夜国产va久久成人| 精品国产免费观看一区| 国产一国产一区秋霞在线观看| 2020年亚洲天天爽天天噜| 天天干2018| 久久久99精品免费观看| 波多野结衣上班族| 国产免费久久久久久无码| 免费在线观看成人| 国产精品免费久久久久影院 | www.一级片| 成人18网址在线观看| 亚欧洲乱码专区视频| 真实国产乱子伦对白视频37p| 国产女人的高潮大叫毛片| 99久久精品国产一区二区三区| 日本丰满岳乱妇中文| 久久天天躁狠狠躁夜夜躁2020| 波多野结衣cesd—819高清| 你懂的在线视频| 秋霞鲁丝片一区二区三区| 口工全彩无遮挡3d漫画在线| 老鸭窝laoyawo国产精品| 国产精品19p| a级毛片免费观看在线播放| 日本乱偷人妻中文字幕| 久久婷婷五月综合尤物色国产| 日韩精品一区二区三区老鸦窝| 亚洲精品456| 永久免费bbbbbb视频| 亚洲第一成年免费网站| 欧美黑人疯狂性受xxxxx喷水| 亚洲精品中文字幕无码AV|