19 May 2005

Deal sought for MGTF



by Brian Byrne. MG Rover may be dead, but MG might yet live, if a consortium bidding for the sporty name and its related assets get their way.

Chapman Automotive in Britain is leading negotiations on behalf of a group of investors to take over the rights to the MGTF sports car.

The unnamed investors are reported to include a carmaker not based in the UK, along with a wealthy entrepreneur and an investment fund from the US.

If successful, the MGTF would be built for a number of markets, including the US.