APRIL 13, 2005
MG Rover Sports and Racing goes into administration
MG Sports and Racing, the motor sport subsidiary of MG Rover, has followed the main company into administration. PriceWaterhouseCoopers has been called in to try to find a way of saving the company, which oversees the MG Group's racing activities. The company is based at Longbridge and employs 48 staff.
PwC says it will look to see if the company could survive on its own and if not will try to find a buyer.
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