LONDON -- MG Rover administrators PwC are in talks with two bidders for parts of the bankrupt British carmaker, and a deal would probably move production of MGTF engines offshore, a source close to the talks told Reuters on Thursday.
MG Rover used to supply engines for the 14,000 annual production convertible MGTF car, but bidders would probably move that production abroad, the source said.
Production of MG Rover's own cars is unlikely to resume at the car firm's plant at Longbridge.
"These are lift-and-shift bids. They're not about resumption of major production at Longbridge. It brings some finality to the situation," the source said, declining to name the bidders.
Administrators set themselves an October deadline last month to wrap up the sale of MG Rover, which collapsed in April.
Securing continued production of MGTF engines might give security to the producers of MGTF car bodies, Stadco in Birmingham.