Following reports at the end of last week that British carmaker MG Rover had called in administrators, the British government announced on Monday that it has offered the ailing company a £6.5 million loan in attempt to keep the company afloat. The loan is intended to pay the 6,000 workers’ wages at the company’s Longbridge plant in Birmingham and running costs for a further week, in the hope that a deal to save the company can be secured.

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