Chinese car manufacturer Nanjing Automobile has signed a long-term lease for the former MG Rover plant at Longbridge in the West Midlands.
The move could restart production of the MG TF sports car in 2007, although the 33-year lease will have a get-out clause allowing Nanjing to leave Longbridge in six months if it fails to find any finance.
Nanjing's UK chairman Wang Hongbiao said: 'This means that we can move forward with our business plan to build cars at Longbridge.'
Our reviews are based on hard data and thorough testing in the real world.
Up to the minute news from around the globe