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Nanjing to start production of MG this month

12:20 PM Wed, Mar 14, 2007 |
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Nanjing Automobile Corporation of China is scheduled to start production of a convertible MG sports car this month, according to The New York Times.
"The rebirth of MG is the latest and most splashy example of how China’s growing economic might is reaching carefully into foreign markets, buying up troubled companies with established brands and using them to build bridgeheads for some of the hundreds of billions of dollars that the country has to invest overseas," writes NYT correspondent Craig S. Smith. Nanjing acquired the legendary MG marque last year.

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