Ecombd

Tuesday, January 30, 2007

Nanjing Automobile Group Restarting Production of MG Rover in UK

MG Rover was perhaps the last symbol British excellence to car making. Nanjing Automobile Group, a not so famous Chinese company bought the company in 2005. Now, it is going to start production of the car again in the UK.
Scotsman reported:

Unlisted Chinese car maker Nanjing Automobile Group said production of the iconic MG sports car will re-start in England within weeks, ending a two-year halt after MG Rover collapsed with the loss of 5,000 jobs.

Nanjing Auto, a little-known manufacturer based in eastern China, outbid China's top car maker Shanghai Automotive to take over MG Rover for around 50 million pounds in 2005.

It said it planned to make 6,000 TF sports cars a year.

"Production in England will begin in April or May," Lv Qiang, public affairs director of Nanjing MG Motor, told Reuters.

Nanjing shipped some MG production lines to China, where the first cars using MG technology are expected to be ready by late-March, Lv said.

Chinese companies are riding fast- even in the auto production too.

0 comments: