It emerged at the weekend that the Shanghai Automotive Investment Co. (SAIC) is considering taking legal action over the decision taken by the administrator of collapsed UK car manufacturer, MG Rover to sell the firm to Nanjing Automotive.
PricewaterhouseCoopers announced on Friday that it had accepted Nanjing's offer, which would see the relocation of some of the firm's operations to China, but would also create 2,000 jobs in the UK.
Speaking to the Observer on Sunday, an unnamed source close to SAIC revealed that the group is considering calling for a full judicial review of the decision, explaining that:
"We have already spent 67 million pounds buying the intellectual property rights to MG Rover and do not want to see that investment wasted. We have a substantial stake already at the table."
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