But where is Nanjing's money coming from? They're a very small company, unprofitable (they made a loss last year), and seem to have bitten off more than they can chew. They only really wanted the 45 line and the engines, and I really can't believe that they'll ever do any more than that. They only wanted 30-50 acres of Longbridge (which is about 600 acres in total), which I think says it all about the scale of even what they were proposing, which I don't think they'll do anyway.
I don't know how serious the Moseley bid ever was, but as far as I can see, it's the only liklihood of there ever being another real MG or Rover. Without that, I fear all we'll see are some Chinese made Nanjings whose only connection to MG is the plastic badge on the bonnet. And that, for me, isn't worth having. I doubt if Nanjing even know who Cecil Kimber was.
And even that assumes that Nanjing survives. I know they made a loss last year - were they profitable before that, or are they in ongoing financial trouble? Is the state government likely to bale them out if they crash?