Some of you car fans out there might be interested in this piece of news:
Can the mystique of a British sports car be recreated by a Chinese company in America’s heartland?
That is the bet by Nanjing Automobile Group, which plans to resurrect the fabled MG marque in a demonstration of how truly global the automotive industry has become.
Nanjing, which purchased the assets of the bankrupt MG Rover Group last year, is aiming to be the first Chinese carmaker to open a factory in the United States. At a news conference on Wednesday in Oklahoma, the company announced plans to build a newly designed MG TF Coupe there starting in 2008. It said that the coupe would compete with cars like the Mazda Miata, which sells for between $20,000 and $25,000.