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GB Sports Car Co in deal

GB Sports Car Company Ltd is remaining tight-lipped about the exact details of its negotiations with Nanjing Automobile Group and its proposed collaboration to build low-volume, high-quality MG Rover sports cars at Longbridge.

The London-based company was formed in spring as an acquisition vehicle to bid for the rights of the MG TF model. The bid was unsuccessful, but now the company is hopeful its new business plan can be successfully integrated with that of Nanjing.

Fraser Welford-Winton, GB Sports Car Company managing director says: “I am delighted I will be at the heart of the development and implementation of a business plan that will produce long term skilled jobs at Longbridge, and create a centre of excellence for sports car activities for which the UK is world renowned.”

The former Powertrain managing director is not giving any further comment to the press at this time, according to a spokesman for GB Sports Car Company.

“We have got our business plan together for low volume, high quality sports cars and are ensuring that we can successfully merge our plans with Nanjing,” he says. “Watch this space, as in the next month or two we will have a much better idea of where we’re going.”

Christopher Macgowan, chief executive of the SMMT and chairman of the taskforce set up to help companies affected by MGR’s collapse, says: “The partnership is clearly a distinct possibility and is hugely welcome. This is a very exciting piece of news.”

Assuming it is successful, GB Sports Car Company will collaborate with Arup Group, the UK engineering consultancy, which has already worked on some design and development studies for Nanjing and Chinese Ventures, which advises companies on developing global business.

  • The Transport and General Workers’ Union is to hold a top level meeting with Lloyds TSB following reports of changes to the financing arrangements for ex-Rover workers’ cars. Gerard Coyne, the T&G regional secretary, says: “The union expects to be able to resolve the car financing issues so the fears and concerns of our members can be addressed.”
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