This is interesting from MSNBC. Their report says:
=== Quote ===
Nanjing Automobile is to put its British MG car factory under the
control of a new US joint-venture partner as the Chinese carmaker
aims to become the first to assemble vehicles in the US and Europe.
(Deletions...)
It would also in effect shift the venerable British sports car brand
MG from Chinese to US control, although production would still start
at its most recent home, Rover's former factory in Longbridge,
Birmingham, in the English Midlands.
=== End Quote ===
Of course, moving MG to the US was one of the strategies
for survival that many championed in 1980 as a result of
the Pound Sterling's strength compared to the Dollar.
That unfavorable exchange rate is what kept MG out of
the US since Abingdon was shuttered. This article makes
it sound more like MG will be primarily a US company with
Nanjing as a partner, not Nanjing building MGs themselves
in the US. Hmmmmm...
Full story here:
http://msnbc.msn.com/id/13831018/
David Breneman david_breneman@yahoo.com
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