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LONDON (AP) - The government on Sunday announced a 6.5 million-pound ($11.7 million) loan to keep troubled British automaker MG Rover afloat while the company tries to revive a crucial deal with a Chinese car maker.
MG Rover filed for a form of bankruptcy protection Friday after the Shanghai Automotive Industry Co., or SAIC, pulled out of talks about its planned takeover of the last major British-owned car manufacturer.
That threatened the future of MG Rover, which employs 6,000 people at its main plant at Longbridge in Birmingham, central England.
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