Businessman tables two bids for MG Rover

A leading businessman has tabled two bids to buy parts of collapsed British carmaker MG Rover.

A leading businessman has tabled two bids to buy parts of collapsed British carmaker MG Rover.

David James said one bid was for the MG sports car brand and the means to build niche cars under contract to other manufacturers. The alternative bid also covered the Powertrain engine business.

Mr James said in a statement: "The combination of one or the other of these and another successful bid for the Rover -related assets, from a third party, will provide the optimum combination that will be in the best interests of the creditors."

Two Chinese firms have also made bids for the business, which are now being considered by administrators PricewaterhouseCoopers.