mgf.be

[Brooklands]

NANJING Automobile Corp, on the heels of the biggest overseas deal in the history of the Chinese auto industry, is expected to begin construction later this month on a factory that will allow it to carry out its revival plans for the MG Rover brand.

The Nanjing Auto MG Automobile Co Ltd will hold a foundation-laying ceremony on December 28 for the plant, located in Nanjing's Jiangning area.

The company plans to invest 2.8 billion yuan (US$346.9 million) to produce 200,000 cars, 250,000 engines and 100,000 gearboxes annually, according to people close to the project. Production is expected to begin within the next year and a half.

The first cars made there will be five series and about 20 models of MGs.

Zhang Xin, former president of Nanjing Iveco Automobile Corp, the most important and profitable subsidiary of Nanjing Automobile Corp, has been appointed general manager of the new company.

The automaker has been looking for 200 engineers and other staff members since October.

Bron: http://www.shanghaidaily.com/art/2005/1 ... or_MGs.htm