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LONDON (AP) - Administrators for MG Rover Group Ltd. said Friday that the collapsed British automaker has been bought by Chinese carmaker Nanjing Automobile (Group) Corp.
The announcement ended months of speculation about the future of Rover, the country's last major automaker, but also raised questions about how much production Nanjing would retain in Britain — and how many jobs would be involved.
PricewaterhouseCoopers, which took over administration of Rover when the automaker filed for bankruptcy in April, said Nanjing had bought the assets of both MG Rover Group and its engine-producing subsidiary, Powertrain Ltd.
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