AM Online

MG Rover re-thinks Polish venture

MG Rover is considering the Polish market again after withdrawing from its Malaysian investment plan with Proton Holdings.

It is rethinking the possibility of buying a stake in the Warsaw-based Polish car factory Daewoo-FSO, which is now managed by a Korean concern on the verge of bankruptcy, said MG Rover.

Jacek Piechota, Polish deputy Economy Minister, who is responsible for selecting a new investor for FSO, said: "We do not have any confirmation as far as MG Rover's intentions are concerned, but practically everything is still possible. Although we'd hoped to bring talks to an end soon to secure the future of Daewoo-FSO, we can't promise anything at the moment."

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