CHINA TO BUILD MGs in OKLAHOMA

Good news…but I wonder why they aren’t using the now-vacant Oklahoma City GM plant?

Can the mystique of a British sports car be recreated by a Chinese company in America’s heartland?

That’s the bet by Nanjing Automobile Group, which plans to resurrect the fabled MG marque in a tricontinental demonstration of how truly global the automotive industry has become.

Nanjing, which purchased the assets of the bankrupt MG Rover Group last year, aims to be the first Chinese carmaker to open a factory in the United States. The company has scheduled a news conference for Wednesday in Oklahoma to announce plans to build a newly designed MG TF Coupe there, starting in 2008. It said the coupe would compete with cars like the Mazda Miata, which sells for $20,000 to $25,000.

It also will assemble a convertible TF Roadster version at MG’s now-shuttered factory in Longbridge, England, and three sedan models in China. American and European operations for MG Motors will be based in Oklahoma City, 90 miles north of the new factory in Ardmore, Okla.

MG’s rebirth under Nanjing, which said it had $2 billion in financing for the endeavor, comes as several Chinese companies are setting their sights on the United States, the world’s largest car market.

2 Responses to “CHINA TO BUILD MGs in OKLAHOMA”

  1. China Law Blog Says:

    This whole thing strikes me as very strange. Is it possible the Chinese are just saying they will be doing this so as to gain political points in the U.S. for now?

  2. the editor Says:

    Could be. Or it’s another foothold in our economy.

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