Nanjing Automobile Turns to Rover from Fiat.

(From SinoCast Transportation watch)

SHANGHAI, August 04, SinoCast -- Days ago Nanjing Automobile Group Corp. ultimately bought MG Rover Group Ltd., the collapsed British automaker, for GBP 50.78 million, ending a changeful bid grapple with its Chinese rival Shanghai Automotive Industry Corporation (Group) (SAIC). A cloud of guesses about the future of Rover, the UK's last major automaker, comes to an end. At the same time, the takeover raises a new question in China: next, how Nanjing Automobile will deal with Nanjing Fiat Automobile Co., Ltd., its disappointed 50-50 joint venture formed with Fiat, Italy's largest automaker. One consideration is that Nanjing …