Hopes are growing that a deal between car maker MG Rover and China’s Shanghai Automotive Industrial Corporation (SAIC) will soon come to fruition, the BBC reported on Wednesday.
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The broadcaster said legal contracts are being drawn up over a joint venture between the two following the end of negotiations.
“We remain very confident of concluding an agreement,” a Rover spokesman told the BBC.
The UK government has pushed to encourage the partnership, which could spell a cash injection for Rover from state-owned SAIC of up to £1 billion ($US1.9 billion), the report noted.
