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Europe Daily Bulletin No. 8771

26 August 2004
Contents Publication in full By article 30 / 34
ECONOMIC INTERPENETRATION / (eu) automobiles

China's biggest car producer, SAIC - SHANGHAI AUTOMOTIVE INDUSTRY (EUR 18.2 bn turnover in 2003), is planning to buy up, in stages, MG ROVER, the last independent UK car manufacturer as part of a technology transfer plan signed in June between the two countries. This would be the first acquisition by a Chinese company of a European car manufacturer.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION