BIZCHINA / Overseas Investment
MG power plants to be built in Nanjing
(Shanghai Daily)
Updated: 2006-09-28 14:08
Nanjing Automobile Corp, the Chinese owner of the failed British carmaker
MG Rover, said it will begin producing MG engines this month, a step
toward reintroducing the oldest English car brand on the world market.
The company plans to manufacture 1.8-liter, 1.8-liter turbo and 2.5-liter
V6 engines on MG assembly lines this month, according to a statement
yesterday.
The assembly lines were dismantled and shipped from Britain to the
Chinese company's Jianglin plant in Nanjing after it outbid Shanghai
Automotive Industrial Corp to take over MG's production facilities for 53
million pounds (US$100 million) last July.
"The move represents crucial progress for our car projects, and the power
train systems are the most valuable assets," said Sun Honggen, general
manager of Nanjing Auto MG Power Train Co Ltd.
The power train program is part of the global revival plan for the
British car brand. It follows a new vehicle plant in Oklahoma City in the
United States in addition to resumed production at the old MG Longbridge
assembly plant near Birmingham, England.
Nanjing Auto aims to produce 50,000 engines annually in another new plant
in its home city starting next year.
(For more biz stories, please visit Industry Updates)
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