China JV

• Funding – investment all funded in China by Geely which has 23% stake in Manganese Bronze.

• Purchase engines for JV from Geely which has diesel, gasoline and hybrid capability.

• Purchase components from Geely current suppliers – ship to UK for UK production at cost.

• Exclusivity to Asean market – MB rights to rest of world with vehicle procured at cost.

• Leverage past customer database of unfilled orders.

• Keep press tools in Coventry and no impact on Coventry other than lower cost components.