Mg Built By A Chinese Company In Oklahoma

Mg Built By A Chinese Company In Oklahoma - Printable Version

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Mg Built By A Chinese Company In Oklahoma - Frost__2001 - 07-14-2006

MG Built by a Chinese Company in Oklahoma!
The Daily Auto Insider
Thursday, July 13, 2006
July 2006

Nanjing Automobile (Group) Corp., a Chinese state-owned carmaker, said it is joining with two U.S. investment funds to build MG cars at a new plant in Oklahoma, according to a story in The Wall Street Journal.

Nanjing, which says it has $2 billion in financing for the endeavor, will own 49% of MG Motors North America Inc., with the other 51% being held by the two investment groups, Oklahoma Sovereign Development LLC and Davis Capital LLC, according to a spokesman for MG Motors. American and European operations for MG Motors will be based in Oklahoma City, 90 miles north of the site for the new MG factory in Ardmore, Okla.

Nanjing, which purchased the assets of the bankrupt MG Rover Group last year, plans to build a newly designed MG TF coupe starting in 2008. Nanjing said the coupe would compete with cars like the Mazda Miata, which sells for $20,000 to $25,000.

Nanjing Automobile also owns a former MG Rover plant in the U.K., where it also plans to produce MG-branded vehicles. MG cars will also be built at the company's factories in China.

It also will assemble a convertible TF Roadster version at MG's now-shut factory in Longbridge, England, and three sedan models in China.

MG, which stands for Morris Garages, began in the 1920s and its iconic TC convertible was a big hit in the United States after World War II.

MG was Britain's last independent auto manufacturer but had not produced a new model since 1998. In the 1960s, the company turned out 40 percent of the cars bought in Britain.

Mg Built By A Chinese Company In Oklahoma - mo_focus - 07-14-2006

[Image: bdepmi8147.jpg]

Mg Built By A Chinese Company In Oklahoma - FocusGuy7476 - 07-14-2006

so let me get this straight, a Chinese owned company building British style sports cars built in Oklahoma, where the circus has been twice.

something doesn't add up.

Mg Built By A Chinese Company In Oklahoma - microbunny - 07-14-2006

FocusGuy7476,Jul 13 2006, 06:57 PM Wrote:so let me get this straight, a Chinese owned company building British style sports cars built in Oklahoma, where the circus has been twice.

something doesn't add up.
[right][snapback]197453[/snapback][/right]

this has build-quality issues written all over it

Mg Built By A Chinese Company In Oklahoma - ZTWsquared - 07-14-2006

microbunny,Jul 13 2006, 09:28 PM Wrote:
FocusGuy7476,Jul 13 2006, 06:57 PM Wrote:so let me get this straight, a Chinese owned company building British style sports cars built in Oklahoma, where the circus has been twice.

something doesn't add up.
[right][snapback]197453[/snapback][/right]

this has build-quality issues written all over it
[right][snapback]197469[/snapback][/right]

The company is Nanjing Automobile Group ... and not only are they based in China and backed by $2 billion in capital, they're actually owned by the Chinese government (as in the Communist Chinese government) ... Reagan must be spinning in his grave (and any number of British prime ministers too, come to think of it)

Mg Built By A Chinese Company In Oklahoma - darkpuppet - 07-14-2006

welcome to the new world order...

I wonder if the cars will be as safe as the land wind.

Mg Built By A Chinese Company In Oklahoma - Oscar The Grouch - 07-15-2006

Hmmm

Bad British Design + Poor Chinese Quality Controls + Underskilled and Underpaid labour = Disaster