MG Rover may pull out of Daewoo-FSO investment

Rzeczpospolita has learned that the management of British MG Rover is considering terminating negotiations with the Polish government over i nvesting in the Daewoo-FSO Zeran car plant and would rather invest in either Slovakia or Hungary. Earlier, two deputy presidents of Rover, Nick Ste phenson and Peter Beale, stated that February 14 was the deadline for signing a final agreement, as the company could not afford to wait any longer. Moreover, the British company claims it has found financial in vestors willing to take part in the project irrespective of the location. "Slovakia now has a great atmosphere for doing business, which was confirmed by the decision of the French automotive concern PSA to locate their plant there," said Nick Stephenson. He added that Rover had intended to invest in Poland as the Zeran Daewoo plant had the equipment needed for manufacturing car bodies. Currently, the bodies are expensively produced by Germany's BMW. (Rzeczpospolita, p. B1) M.M.