A spokesman said: "The SFO does not intend to begin a criminal investigation into the sale of MG Rover Group, following a review of documents sent by the Department of Business, Innovation and Skills.
What does MGR stand for?
MGR stands for MG Rover Group (British car manufacturer; Longbridge, UK)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of MGR
We have 55 other meanings of MGR in our Acronym Attic
- Magister (Polish university degree)
- Magnoporthe Grissa Repeat
- Major Gene Resistance
- Marine Genetic Resource
- McGuire Global Recruitment (Bowie, MD)
- Media Group
- Medical Group Resources
- Merry-Go-Round (train, bulk coal haulage)
- Metal Gear Rising (game)
Samples in periodicals archive:
The Project Kimber team led by David James made an unsuccessful bid for the MG Rover group after its collapse last year, losing out to major Chinese manufacturers Nanjing Automotive (NAC) who bought the company's assets for around pounds 50m.
Nanjing Auto acquired the remnants of the MG Rover Group (the last British car maker), and auto component maker Wanxiang has acquired a number of small Midwest competitors, among many other examples.
A 21ST century version of the Austin Healey 3000 sports car could rise from the ashes of the MG Rover group if a former bidder for the company gets his way.
According to the Associated Press, PricewaterhouseCoopers, which took over administration of Rover when the automaker filed for bankruptcy in April, said Nanjing had bought the assets of both MG Rover Group and its engine-producing subsidiary, Powertrain Ltd.
The Chinese carmaker said it had submitted an offer to administrators PricewaterhouseCoopers to buy the MG Rover Group and its engine firm Powertrain.