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Last Updated: Saturday, 10 July, 2004, 09:02 GMT 10:02 UK
MG Rover parts business sold off
Birmingham-based MG Rover has sold off its parts business for more than �100m.

It has been bought by Leicestershire-based Cat Logistics Services, which already manages the company's distribution and sale of parts.

Rover is hoping the decision will help it to increase revenues in the world's fastest-expanding car market, China.

The company said more money can now be invested after its recently-signed deal with the Chinese car manufacturer, Shanghai Automotive.

Cat Logistics has managed the marketing, distribution and sale of parts and accessories to MG Rover dealers, distributors, and other customers.

Rover said selling the parts business affects 29 people, most of them at management level.

They will be given the option to move from the Longbridge plant in Birmingham to Cat's base in Desford, Leicestershire.




SEE ALSO:
Financial gains for Rover chiefs
01 Jun 04  |  West Midlands
MG Rover sells Longbridge land
06 Jan 04  |  West Midlands
Rover's �75,000 car goes on sale
01 Nov 03  |  West Midlands


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