MG Rover and related companies placed themselves in administration on April 8, 2005.
MG Rover could not give a date on which the agreement would be finalized.
More than 6,000 workers at MG Rover lost their jobs when the company went into liquidation.
MG Rover thus attempted to appeal to a younger market.
MG Rover was a frequent target of these spoofs until the company's demise in 2005.
MG Rover went into administration in 2005, putting an end to any hopes connected with it.
Production ceased in 2005 when MG Rover went into administration.
MG Rover is the only manufacturer that has released engines using this system.
MG Rover has limited cash that it must spend wisely - not even on a display at the local auto show.
MG Rover lost access to most of the computer-aided design work for their new vehicle.