[ROVERNET - UK] Chinese plant rolls out first MG
rovercar at comcast.net
Tue Mar 27 08:02:16 BST 2007
Chinese plant rolls out first MG
*The first Chinese-built MG sports cars have rolled off the production
line in the eastern city of Nanjing. *
The manufacturer, state-owned Nanjing Automobile, bought the assets of
collapsed UK car firm Rover in 2005.
It plans to produce 200,000 new cars every year and hopes to sell the
vehicles around the world.
But many are likely to be sold to the booming domestic market, with
demand for luxury vehicles soaring amongst the country's wealthy elite.
In six short months the Chinese have built a massive new factory and
installed the robots and assembly lines they bought from the collapsed
Rover, reports the BBC's Quentin Sommerville in Nanjing.
And it was with music from the City of Birmingham Symphony Orchestra and
against a video wall showing shots of Tower Bridge and Buckingham Palace
that Nanjing Auto launched its two new models.
These are the MG7 saloon and the MG-TF sports car which, General Manager
Zhang Xin told Reuters news agency, would be priced at between 180,000
and 400,000 yuan ($23,300 - $51,700; £11,800 - £26,300).
The cars have not changed much, right down to the Union flag, which is
still displayed proudly on their bodywork.
The company wants to sell the cars not just in China but around the world.
But with the Chinese car market growing by 10 million new cars every
year, Nanjing Auto will likely be selling most of its MGs in showrooms
closer to home, our correspondent adds.
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