Sweet! MG is comming back
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From: Parker Colorado
Sweet! MG is comming back
I have a 1974 MGB Roadster...that the husband is restoring...Can't wait to see if it actually goes through...they will be bad ass little cars...
I know I know...Chinese...but I think they will be worth it..
Whatcha think?
MG Reborn in Oklahoma with Chinese Automaker
By Joe Benton
ConsumerAffairs.Com
July 12, 2006
China's oldest automaker plans to build historic British MG sports cars in Oklahoma.
The Nanjing Automobile Corp. move into Oklahoma includes an assembly plant as well as the company's global headquarters for sales, marketing and distribution outside of Asia.
Nanjing plans a research and development facility at the University of Oklahoma in Norman as well.
In a press release, Nanjing said the new MG Inc. would have three production sites. A plant in Ardmore, Okla., will assemble a redesigned TF coupe. MG's old factory in Longbridge, England, which closed when MG Rover Group collapsed in 2005, will build the TF roadster. And Nanjing plants in China will build three sedans.
Nanjing acquired ownership of MG last year for $97.3 million. MG's rebirth under Nanjing is reportedly financed with $2 billion in investment capital.
Nanjing is a small state-owned commercial-truck manufacturer that does not assemble its own cars in China.
The new MG Inc. plans to begin construction of the Oklahoma assembly plant in early 2007 with a production start for the sports car by the third quarter of 2008.
MG expects the plant to produce 12,000 to 16,000 units a year. About 60 percent of the output would be for North America and 40 percent for Europe.
Originally called Morris Garages, MG began selling cars in the 1920s. The TC convertible followed U.S. servicemen home from World War II and was a big hit here.
Nanjing has hired Duke Hale to be MG's CEO, with responsibilities for Europe and North America. Hale most recently was CEO of Lotus Holdings Inc. after two years in charge of the automaker's North American operations.
I know I know...Chinese...but I think they will be worth it..
Whatcha think?
MG Reborn in Oklahoma with Chinese Automaker
By Joe Benton
ConsumerAffairs.Com
July 12, 2006
China's oldest automaker plans to build historic British MG sports cars in Oklahoma.
The Nanjing Automobile Corp. move into Oklahoma includes an assembly plant as well as the company's global headquarters for sales, marketing and distribution outside of Asia.
Nanjing plans a research and development facility at the University of Oklahoma in Norman as well.
In a press release, Nanjing said the new MG Inc. would have three production sites. A plant in Ardmore, Okla., will assemble a redesigned TF coupe. MG's old factory in Longbridge, England, which closed when MG Rover Group collapsed in 2005, will build the TF roadster. And Nanjing plants in China will build three sedans.
Nanjing acquired ownership of MG last year for $97.3 million. MG's rebirth under Nanjing is reportedly financed with $2 billion in investment capital.
Nanjing is a small state-owned commercial-truck manufacturer that does not assemble its own cars in China.
The new MG Inc. plans to begin construction of the Oklahoma assembly plant in early 2007 with a production start for the sports car by the third quarter of 2008.
MG expects the plant to produce 12,000 to 16,000 units a year. About 60 percent of the output would be for North America and 40 percent for Europe.
Originally called Morris Garages, MG began selling cars in the 1920s. The TC convertible followed U.S. servicemen home from World War II and was a big hit here.
Nanjing has hired Duke Hale to be MG's CEO, with responsibilities for Europe and North America. Hale most recently was CEO of Lotus Holdings Inc. after two years in charge of the automaker's North American operations.
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