John Edwards, one of the four men who bought MG for £10 in 2000, was in India last night trying to save a vehicle distribution deal with Tata Motors.

MG Rover agreed to sell Tata’s Indica cars as City Rovers in the UK this year, but sales have been far below target with only 4,606 sold in the first six months.

The talks are thought to centre on whether Tata or MG Rover should shoulder a price cut of up to £1,000 a car to try to stimulate sales.

(Source: Daily Telegraph)