MG and Austin to be revived by Chinese auto company
Mar 13, 2006 - Linknet Products in the News

Mar 13, 2006 - Linknet Product News

The famous MG and Austin brands that were familiar to generations of British car enthusiasts, are about the be revived by Nanjing Automobile Corporation, located in Nanjing, Jiangsu Province, China.

The company purchased the assets of MG Rover last July for 50 million pounds. Those assets included assembly lines, R & D equipment, and several brands of cars.

The project was approved by the Chinese government, so it is expected to go ahead and be in production by early 2007. The first model Nanjing Auto expects to produce will be the MG75. The company expects to produce 200,000 cars, 250,000 engines and 100,000 gearboxes annually.

Another Chinese company, the Shanghai Automobile Industry Corp also recently purchased the property rights for the Rover 75, Rover 25, and related engines. So it looks like these venerable British marques may be revived after years of languishing in bankruptcy limbo.


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