Rover sold to Nanjing Automobile

Chinese carmaker Nanjing Automotive has secured ownership of MG Rover for an unknown sum, after a three-way bidding battle spread over three months.

It was one of two Chinese companies trying to buy the assets of MG Rover, the other being Shanghai Automotive.

Although Nanjing was the smaller firm it secured a deal with administrators PriceWaterhouseCoopers (PwC) on Friday.