Conservatives have published plans to attract new investment in the West Midlands car industry after the collapse of MG Rover.
It follows talks between senior party figures and MG Rover's administrators.
Malcolm Harbour, Conservative MEP for the West Midlands and a former Rover director, said: "We have discussed our strategy with the administrators, and we are now considering ways that we can encourage investment in the skills and know how of the West Midlands car industry."
The plans are designed to attract new investors and retain key skills and models in the West Midlands, he said.
The strategy is based on four key principles.
Potential investors will not be allowed to "cherry pick" assets, and priority will be given to potential investors that would continue to make use of expertise in designing and producing cars and engines in Birmingham.
Production of the MG TF sports car would be retained in the West Midlands and restarted as soon as possible, to avoid further damage to the MG brand.
And a Conservative Government would try to clarify as swiftly as possible whether the Shanghai Automotive Industry Corporation owned the MG Rover car and engine designs.
Mr Harbour said: "The collapse of such a significant car manufacturer should not mean the end for the skilled workforce of Longbridge.
"We want to sustain vital technical know- how and encourage long-term jobs in a profitable MG sports car business."
Vicky Ford, Conservative Parliamentary candidate for Northfield, said: "Our goal is to help achieve the best for the UK's global competitiveness.
"We are very concerned that the administrator has already made all the product design and development teams redundant, which will make a technology business much harder to start.
"We also know that SAIC cannot exploit the Rover designs without tapping into the experience of the Longbridge technology team.
"I want there to be jobs for people in Northfield after the Rover crisis.
"Having spent 14 years negotiating finance for companies in difficult situations, I know that the longer the situation remains uncertain, the more difficult it is to restart a business. It is critical that the administrators focus on all parts of the group."