AM Online

Former MG Rover bidder secures £679m for UK car production

A former bidder for MG Rover Group has approached the failed car manufacturer’s new owners, Nanjing Automotive, with proposals to discuss opportunities for future co-operation.

The approach has been made by Professor Krish Bhaskar, who formerly led the unsuccessful ‘Triple A’ bid for MG Rover, following the Longbridge company’s collapse into administration earlier this year.

Professor Bhaskar has the support of American Arabian Investment and Development Holdings (AMAR). The investment trust, with offices in the United States, Egypt and Germany, has earmarked funds of up to €1 billion (£679m) to finance the project.

Professor Bhaskar said: “I have approached Nanjing Automotive with a view to exploring opportunities to redevelop sustainable car production at the Longbridge site.

“Nanjing and their UK partners have already stated that should car production resume at Longbridge, it will be on a significantly smaller scale than before. It makes sense to examine the feasibility of acquiring assets at Longbridge which do not form part of Nanjing’s plans for the site, and possibly the sharing of core production facilities. In the event that car production will not prove possible at Longbridge, then we would be prepared to consider an either an existing facility or a new ‘greenfield’ site in the West Midlands.”

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