UK: MG Rover set for profit by 2002 - paper
UK car group MG Rover is set to return to profit next year and is planning to design and build a new medium-sized car on its own to demonstrate its independence, the Guardian newspaper reported. Quoting chief executive Kevin Howe speaking at the opening of a new body shop at the Longbridge, Birmingham plant on Monday, the Guardian said that MG Rover should make a small profit in 2002, having slashed losses inherited from BMW.
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