Zhu Yanyan/Shanghai Daily news

Nanjing Automobile Group Corp beat out Shanghai Automotive Industry Corp in the bidding for the remains of failed British automaker MG Rover Group.
"Nanjing will now begin to take control of the assets and develop its plans for the future," according to PricewaterhouseCoopers LLP, which served as the financial administrator for MG Rover and has been looking for a buyer for the company for months.
"It has indicated its intention to relocate the engine plant and some of the car production plant to China, to retain some car production plant in the UK and to develop an R&D and technical facility here," PwC said in announcing its decision on its Website late on Friday.
PwC did not reveal the sale price, but a Nanjing newspaper reported that Nanjing Auto offered some 50 million British pounds (US$87 million).
PwC previously disclosed that Nanjing Auto offered to buy all MG Rover assets for between 40 million and 50 million pounds.
Calls to Nanjing Auto spokesman Liu Ningsheng for comments were not answered over the weekend.
Nanjing Auto offered to take over MG Rover, UK's last volume carmaker, with a "clean" bid, according to industry sources.
SAIC, however, submitted a conditional offer.
"For instance, some of Rover's property rights are owned by a third party, and we required the administrator to make clear the rights already sold to others," said an SAIC executive who spoke on condition of anonymity.
"But Nanjing Auto's bid was a clean bid as it required nothing from the administrator."
SAIC didn't reveal how much it offered during the bidding.
Industry insiders were left wondering exactly how much Nanjing Auto won in the end, however. The property rights for Rover 25s and 75s were sold to SAIC during a yearlong negotiation process before MG Rover's collapse.
Equipment and blueprints used in making Rover 45s were removed from the deal by Japan's Honda Motor Co, which claimed property rights over the model.
What's left for Nanjing Auto are the blueprints for Rover TF sports cars and the production lines of all the other models and engines.
Nanjing Auto, a partner with Italy's Fiat SpA, hasn't shed any additional light on the deal.
The Nanjing-based automaker produces trucks under its own brand and makes vans and cars with Fiat. Its four assembly plants are able to produce 200,000 units a year.
"Nanjing Auto is a government-owned company, and the Jiangsu provincial government will offer its help," said Zhang Xin, an auto analyst with Guotai Jun'an Securities Co. "However, the concern is whether it can run Rover well. It's not easy to manage an overseas carmaker."