The agreement puts an end to long standing issues about ownership of the brands and trade marks and expands opportunities for joint trade between the companies.

Nanjing Automobile (Group) Corporation is the Chinese parent company of Nanjing Automobile Corporation (UK) Ltd which acquired the assets of MG Rover in July 2005. It is engaged in the manufacture and sale of automobiles worldwide and have recently re-inaugurated production of one of Britain’s favourite sports cars, the MG TF, at its Longbridge plant.

HFI Ltd is engaged in the design, development, manufacturing and sale, worldwide, of sports cars and are the automotive partner of the owners of the Healey brand (Healey Automobile Consultants (HAC)), providing automotive design, engineering, manufacturing, logistics, sales and marketing and consultancy services to HAC.

The Healey name was associated with numerous post-WWII sports cars. One of the favourites is the famous Austin Healey 3000 (see accompanying image of an example from 1959).