LONDON -- China's Nanjing Automobile said on Tuesday it had launched a U.K. search for senior managers to lead a revived MG Rover and said it was not in a hurry to sell major stakes in the British carmaker.
"We are talking to a number of senior players with experience in this industry with a view to recruitment. We are looking for the right team and the right partners," a Nanjing spokesman said.
Nanjing won an auction to buy bankrupt MG Rover on Friday, promising to partly revive production at the British carmaker which collapsed under debts of 1.4 billion pounds ($2.43 billion) in April.
The Financial Times newspaper reported on Tuesday that Nanjing had approached rival unsuccessful bidders to sell a majority stake in MG Rover, just days after winning the deal.
"That is not our priority. We are talking to people and if something comes out of it we would be foolish to ignore it," the Nanjing spokesman said.
Nanjing executives are talking to unions, politicians and business leaders in central England about MG Rover's future this week. It hopes to revive car production in the West Midlands although that is unlikely to be at MG Rover's former plant at Longbridge.
It is in the early stages of a hunt for a senior management team and a distribution base.
China's Shanghai Automotive Corp (SAIC) was still considering its legal position after MG Rover's administrators selected Nanjing over its rival bid.
A spokesman for the Transport & General Workers Union (TGWU) said the union hoped to meet Nanjing executives later Tuesday.
More than 5,000 jobs were lost when MG Rover shut its plant. Nanjing has flagged the creation of up to 2,000 British jobs within five years as it revives production at MG Rover.