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MG Rover

MG Rover is thought to be planning to shed up to a third of the 6,100 jobs at its Longbridge car factory and Birmingham headquarters, if its joint venture with Shanghai Automotive Industry Corp receives approval from the Chinese government.

MG Rover is to recruit 200 engineering and purchasing staff in preparation for the joint development of four new cars with Shanghai Automotive Industry Corporation.

MG Rover is to sell its car parts business to Caterpillar Logistics Services for more than £100m, which will involve the transfer of 29 staff and the retention by Caterpillar of the 390 Leicestershire-based staff already working on the contract.

MG Rover is looking to invest £225m in the Daewoo car plant in Poland, in order to produce the Rover 45 and the MG ZS sports car.

MG Rover is in negotiations to acquire control of Daewoo's Polish manufacturing operation, as part of a strategy to expand its car distribution network into central and eastern Europe.

MG Rover is planning to invest £300m in the development of a new medium-sized car to be launched in 2004, as part of a £600m investment in new models over the next five years.

MG Rover and HBOS are forming a joint venture to acquire the car company's former financial services division from BMW for £340m.

MG Rover and St Modwen are discussing plans for the redevelopment of a 50-acre site at the Longbridge car plant.

MG Rover is considering plans to recruit a further 100 production employees at its Longbridge plant.

MG Rover is considering plans to set up a car assembly plant in the Sistan Baluchestan province of Iran.

MG Rover is to acquire Qvale Automotive, the Italian sports car company with 70 staff, for undisclosed terms.