Chinese take away MG Rover
January 2, 2008 by Matt Brogan
Chinese state-owned vehicle manufacturer SAIC (Shanghai Automotive Industry Corporation) has announced a $2.2 billion merger with rival Nanjing Auto (also state owned) in what could see MG and Rover brands reunited.
SAIC owns rights over the Rover marque and Nanjing Auto MG, so in an additional deal worth a reported $328 million, SAIC bought naming rights over both brands giving them exclusivity in production of Rover 25 and Rover 75 models as well as the MG ZT and MG TF models.
With an estimated capacity of 200,000 units annually, a massive funds injection from SAIC and China’s 150 other car manufacturers doing very poorly, this merger could be of monumental importance not only to China, but on the international stage too.
As always, CarAdvice will keep you posted on any updates.
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So does it come with free prawn crackers???????
Hehehehe – love your work BM… given crash test ratings from other Chinese based car companys it’s possibly made from them too!
hahaha ..Matt…probably!
Hey but it was good to see GM have exported a million cars into China now and the best thing was…….the last a re-badged VE Calais as a Buick ! Well done GM !
HEY, look the Roewe! Thats what was put on this site as a Falcon but removed!!
If there is one Chinese car I’m willing to risk my life with, this is the one. They’ve done better things when it comes to safety than any other car maker in China. That includes GM which decided to sell a stretched Cadillac that would have never passed safety back in America.
didn’t ford buy the rover name to protect their now sold land rover company.
This old Rover would still be ok, it was engineered by Honda, BMW and of course Rover in UK.
What WILL be bad will be Roewe’s own designed and engineered vehicles, death trap for sure.
Chinese vehicles belive it or not, are to expensive
Cheers
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