BMW is talking with many potential buyers of the Rover brand name – including two Chinese auto manufacturers – but has not concluded any deal yet, it told Reuters on Tuesday.
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China’s SAIC Motor Corp and Nanjing Auto are both interested in getting the rights to the Rover name that reverted to BMW with the insolvency of British carmaker MG Rover a year ago, the report noted.
“We are still in discussions with several parties, two of them being SAIC and Nanjing, but no agreement has been reached,” a BMW spokesman told the news agency. He could not say when a deal was expected.
