Buyers for MG Rover

THREE firm offers have been submitted for MG Rover’s sportscar business and two for the rest of the company, according to administrator, PricewaterhouseCoopers.

PricewaterhouseCoopers spokesman, Tony Lomas, said there was also a possibility that production at the Longbridge plant in central England could continue.

"The cost and complexity of the challenge should not be underestimated," he said.

"Engine production would be a lesser, but still very demanding challenge.

"The potential buyers are known to be looking at the alternative scenarios of continuing production at Longbridge or relocating it elsewhere."Mr Lomas said efforts were continuing to sell the business but PricewaterhouseCoopers was "progressively downsizing the support function in order to further reduce costs".

MG Rover went into administration last month after talks between it and China-based Shanghai Automotive Industry Corp to form a joint venture broke down.