Fears grow for MG Rover deal
By James Mackintosh FT.com
Published: March 31 2005 03:00 | Last updated: March 31 2005 03:00
Fears are growing that MG Rover could run out of cash before a deal to rescue Britain's last mass carmaker can be completed, according to people close to talks with Shanghai Automotive Industry Corp.
Due diligence on Rover's liabilities, and the complex legal work to set up a joint venture with China's largest carmaker, has been under way for months.
By James Mackintosh FT.com
Published: March 31 2005 03:00 | Last updated: March 31 2005 03:00

Fears are growing that MG Rover could run out of cash before a deal to rescue Britain's last mass carmaker can be completed, according to people close to talks with Shanghai Automotive Industry Corp.
Due diligence on Rover's liabilities, and the complex legal work to set up a joint venture with China's largest carmaker, has been under way for months.