UK News 15-04-2005 who: Shanghai Automotive Industry Corporation (SAIC) what: Says it is not interested in MG Rover takeover talks where: Shanghai, China when: Friday morning snippet: "Ian Powell of PricewaterhouseCoopers, the administrator that was brought in a week ago to try to rescue MG Rover, said in response that significant redundancies will now be made at Longbridge," reports The Times. The warranties on 150,000 cars bought in the last two years have apparently become invalid because the company cannot afford to honour the contracts. And in other motoring news, The Mirror says "the coolest car in history is a 1960s Corvette Stingray," according to a survey by Automobile magazine. [... more]

What The Papers Say is delivered to thousands of readers every morning by web, WAP and email. Sign up today!