HONG KONG -- China's Geely Automobile Holdings Ltd. said on Tuesday that it was in talks to buy equipment from collapsed U.K. manufacturer MG Rover, but said it has no plans to acquire the whole company.
Geely said that in the past it had held talks toward cooperation with Rover before another Chinese carmaker, Shanghai Automotive Industry Corp., held rescue talks for the 100-year-old firm that ultimately failed.
Rover collapsed in April.
"There is a possibility that we may buy one or two facilities or pieces of machinery from Rover," Lawrence Ang, Geely's executive director, told reporters.
Rover has already sold the intellectual property of its mass production cars, the Rover 25 and Rover 75, to Shanghai Automotive.