MG TF revival hope
12 May 2005
The MG TF roadster could survive the recent collapse of MG Rover and go back on sale later this year.
The MG TF roadster could survive the recent collapse of MG Rover and go back on sale later this year.
Chapman Automotive, a group created by a former Lotus designer and partners, is in the final stages of a bid to buy the rights and manufacturing equipment for the two-seater from MG Rover administrators PriceWaterhouseCoopers.
The group plans to resume production of the TF at a Midlands location away from MG Rover’s old Longbridge home later this year. Plans involve only the TF, not any Rovers or the MG-badged ZR, ZS and ZT developed from Rovers.
Chapman Automotive says sales would be made through a revived dealer network in the UK and Europe, with a relaunch in the US to follow later.
The group says its bid is backed by a consortium of investors including an overseas manufacturer, a US investment fund and a wealthy entrepreneur.
No further details have been provided by Chapman Automotive or PriceWaterhouseCoopers.
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