Potential bidders for collapsed car maker MG Rover have until the end of the day (Friday, 13th May) to submit their offers.


Administrators say unless detailed and well-financed proposals come forward, production lines and other assets will begin to be sold off next week.
 
Interest in reviving the Longbridge plant has come from as far afield as Iran and Russia, but there have been no workable proposals yet.


The original bid deadline was extended by a week by administrators PwC.


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


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

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.