[ROVERNET - UK] Rover brand name sold

[Peter Huttemeier]

The final piece fo the Rover/MG jigsaw seems in place.

There are reports coming out that SAIC has bought the Rover brand from
BMW:

BMW, the German car maker which owns the historic brand, is understood
to have agreed to sell the marque - which features the iconic Viking
long ship - to Shanghai Automotive Industry Corporation for more than
£11m. The two companies are planning to announce the transaction in
the next fortnight. Industry sources said any deal could not be
announced until then because of a previous agreement to give Ford the
right to pre-empt any sale.

Full story
http://tinyurl.com/qcl53

The "new" 75 being built by SAIC which was to be to be called
"Lu-sheng" (literal meaning: Road-Splendor) Car with incresed
wheelbase of 100mm. If the reports are true maybe it will still be
called Rover?


Cheers,

Peter H