Qu Li buys van company with investment from SAIC
16 October 2009

A former consultant for MG Rover has bought LDV vans.

Qu Li, who became known for her personal relationship with one of the directors of MG Rover while working as a consultant for the company, confirmed yesterday that she had acquired the assets of the company, through her engineering firm Eco Concept Limited.

Eco Concept plans to use LDV's assets to start a company producing specialist light commercial vehicles. It is understood that the new venture will employ about 200 people. The fate of 40 workers left at LDV has not been determined.

The Shanghai Automotive Industry Corporation (SAIC) is understood to be one of several Far Eastern companies backing Eco’s acquisition of LDV.

Dr Li said: “I can confirm that we have secured co-operation and ongoing support from a number of international automotive manufacturers and distributors.”

Twitter - follow autocar.co.uk

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Dallara Stradale
    The Stradale is the first road-legel car from Italian motorsport constructor Dallara
    First Drive
    16 March 2018
    The motorsport constructor's first road car is inspired by Lotus minimalism. Does it thrill on road and track?
  • Hyundai i30 N
    Standard spec is good so paint colour is our car’s only option
    First Drive
    16 March 2018
    What’s Hyundai’s first hot hatch and N-brand debutant really like? Let’s find out
  • Porsche Boxster GTS
    This is the new GTS version of the Porsche Boxster
    First Drive
    15 March 2018
    The 718-generation Boxster is our favourite roadster of the moment – so is this new GTS variant worth the extra outlay?
  • BMW 5 Series
    First Drive
    15 March 2018
    The BMW 5 Series is top of the mid-exec pack, but is there still room for a diesel saloon in everyday family life?
  • Audi A7 front
    First Drive
    14 March 2018
    The new Audi A7 Sportback looks the part, but how does the new Mercedes-Benz CLS rival cope on UK roads? We find out