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Deadline for 'serious' MGR buyers is today

Potential bidders for MG Rover have until the end of the day to submit their offers.

But administrator PricewaterhouseCoopers has announced that unless a detailed and well financed proposal is made before the end of the day, MG Rover’s assets will be broken up and sold off next week.

The original bid deadline was extended by a week.

Speaking ahead of the deadline, PwC said it was still in discussions with interested parties and had received more than 200 expressions of interest for various MGR operations and assets.

The Shanghai Automotive Industry Corporation is believed to want the engine production line to advance its plans to build Rovers in China.

More than 5,000 workers at the Longbridge plant in Birmingham were made redundant when the company collapsed in April.

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