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This is from The Daily Ardmoreite yesterday:

Breaking News: Oklahoma Global Motors responds to NPR report
Radio statement about MG plans in Oklahoma denied

Sheila J. Robinson
Staff Writer
Web posted March 28, 2007
Marc Nuttle issued a statement saying the individual who spoke with National Public Radio (NPR) early Wednesday is not a senior member of the team working with Oklahoma Global Motors and is not currently involved in moving the project forward.

An employee of Nanjing Auto Corporation in China had stated on NPR, "there are no more plans for the Oklahoma plant" and that he didn't believe "there was anything on the table for Oklahoma at the moment."
"I have just returned from a week in Nanjing, meeting with Nanjing Auto (Group) Corporation (NAC) officials for the purpose of finalizing an agreement for the assembly of MG automobiles in Ardmore," Nuttle, Oklahoma Global Motors LLC said. "Our business plan remains on schedule to finalize these agreements. We are in the process now of completing all due diligence."
Representatives from NAC MG in the United Kingdom have confirmed that the statement on NPR was not an official announcement by the company and reflected the speakers's own opinion and not that of management.
"Oklahoma Global Motors appreciates the support of the State of Oklahoma, Ardmore Development Authority and Greater Oklahoma City Chamber as we continue to work on our plan to bring MG to Oklahoma," Nuttle said. "This is a complicated project, with individuals and companies on three continents, a foreign government and a former company in bankruptcy. There are many details to work through and issues to be resolved, but we are committed to the project and will continue ongoing discussions with all parties involved."
Radio statement about MG plans in Oklahoma denied
A report on National Public Radio (NPR) Wednesday morning saying MG plans in Oklahoma have been scrapped is being denied by an official spokesperson.
"As far as I can determine, the rumor started with an unauthorized and inaccurate statement that ran on NPR quoting Paul Stowe, who is manager of product quality -- not an official spokesperson for NAC -- and therefore not in a position to make official statements about NAC's strategic plans concerning the Oklahoma situation," Kim Custer, manager of public relations for NAC MG.
Custer sent an e-mail from Birmingham England saying, "It is not true. Negotiations continue as far as I can determine."
Paul Stowe told National Public Radio it was his understanding there are no more plans for the Oklahoma plant. "We are discussing possible ventures in America in the future, but I don't believe there is anything on the table at the moment with Oklahoma."
The Oklahoma City Chamber was skeptical that Stowe was acting in any official capacity, according to Christine Berney. "We don't think he is an official," she said.
Nanjing Motor Corporation has been working with attorneys to perfect the title for MG motors, according to Wes Stucky, president and CEO Ardmore
Development Authority. He met with Marc Nuttle, controlling officer and managing member of Oklahoma Global Motors on Tuesday afternoon. Nuttle is also an attorney in Norman.
"He had just returned from China," Stucky said. "He and the attorneys are trying to perfect the title. That's been an issue. Nanjing bought MG in bankruptcy. When you buy something in bankruptcy it's buyer beware. Nanjing doesn't quite understand that. Something that has to be done is to perfect the title. That's something Marc and the attorneys are working on."
As part of the global plan for MG, cars were rolling off the assembly line in Nanjing China on Tuesday.
Nanjing's fully automated welding and assembly line permits production of multiple models using equipment from Longbridge, England. New MG models launched this month include an MG7 saloon series and the MG TF sports car.
The MG is expected to appeal to China's middle and high-end market sectors.
The United Kingdom will be the company's center for research and development, according to NAC-MG chairman Jian Wei Yu, and China will be the company's main production center. MG has already exported its first batch of parts to Europe and started production of the first N4 engines.
Despite Nanjing Auto's role in rescuing the MG Rover, recent state media reports said the company is now struggling to raise financing from local banks.
NAC's chairman Wang Haoliang presented a proposal to China's national legislature seeking "policy support" for a loan worth up to 3 billion yuan, or $258 million, for its expansion, according to the state-owned newspaper Shanghai Securities News.
The Association Press contributed to this report.
Sheila J. Robinson, 221-6536
[email protected]
 

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The first sign of trouble for Ardmore was when Duke Hale bailed out. The supposed reason was said to be over the small volume planned at Ardmore but we knew there had to be more. Until now no replacement has been named.

And how did a quality guy like Stowe even get near the media? Who's sailing this ship anyway....the deck hands?

NAC financial backing challenges are nothing new. Amoi Electronics bailed out of its Junda Auto subsidiary's project to build SUV's. Then Junda was absorbed into NAC's Wuxi Auto Body's Soyat sedan project but its investor, the Bird Electronics giant, bailed out of it and now I don't think the subsidiary is even on the map anymore.

And now Fiat, while struggling to stay afloat in China with the NAC's Nanya Joint Venture, is apparently making overtures to Chery to do more than just build engines for its cars.

Having said all of this I do hope for Armore's sake, that the reports are dead wrong, and that Iveco and Wanxiang's reasons for investing in NAC are well thought out.
 

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"We don't think he is an official," she said. :shrug2:

He is only the guy who drove the first MG-TF off the production line on Tuesday!

And his story appears to be the official line - he should know, he gives factory tours to the English speaking press when they visit Nanjing! :thumb:

The CEO of NAC said something very similar on Tuesday.

The Americans need to get themselves sorted if they want to do a deal - they still seem to think they own MG! :nono:
 

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Think the Americans will say that "president" Yu Jianwei is not an official either? :rolleyes:

The only person above him is Chairman Wang.

'Chinese head of MG vague on plant in Ardmore


NORMAN, Okla. The head of the Chinese automaker that's announced plans for an M-G auto plant in Ardmore is being vague about whether the company will build the plant.

Nanjing Automobile Corporation M-G President Yu Jianwei (yin-WAY') says in a radio interview he believes U-S interests want to build the plant.

But he also says his company won't "necessarily" be building the plant although it could cooperate on technological issues or branding.

Earlier this week a Nanjing employee in China indicated plans for the Oklahoma plant were being abandoned.

But state and local economic development officials say plans for the plant are moving forward.


(From Scott Gurian, KGOU)

Copyright 2007 The Associated Press. '
 

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The septics only ever had two hopes of an MG plant in Oklahoma — no hope and Bob Hope. And Bob Hope's DEAD.
 

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I feel for Paul Stowe. He has really worked hard to help re-launch MG in China and get the quality to an acceptable level. He has also given of his time to do interviews on the net and write into various MG enthusiast magazines. Unfortunately, the net-chat he did a few months ago back-fired then when he said he thought perhaps the Austin badge could be used on certain models, but within a few weeks, there were articles appearing saying Austin badge set to make a return!
 

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Paul's a GOOD EGG, but that webchat, quite apart from being hilariously Longbridge-esque (couldn't find a PC that worked, you couldn't make it up), was pointless. A bunch of self-appointed "moderators" fielded a careful selection of questions, and next to nothing new was revealed. And why bother with all the hassle of the "real time" element? It could just have easily been a posted interview. Complete waste of time from start to finish, sorry and all that.
 

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I agree, announcments are not on track but progress is OK, this may have been an important step forward:

China bank extends $260million to Nanjing Auto

AFP
Tuesday, May 22, 2007

SHANGHAI –– A key Chinese policy bank has extended Nanjing Auto, the Chinese owners of Britain's iconic MG brand, a two-billion-yuan (260-million-dollar) loan, a state press report said Tuesday.

Nanjing Auto, which two months ago launched production of two MG sports cars after it took control of the line in 2005, signed the agreement with state-run China Exim bank, the China Securities News said.

The strategic agreement refills the coffers of Nanjing, a company widely believed to be financially overstretched after it bought the historic cars from the bankrupt MG Rover Group for 53 million pounds (104 million dollars).

The revamped cars, the MGTF, a roadster convertible, and MG7, a four-door sedan, were unveiled in March.

Nanjing, one of China's oldest but smaller car makers, will use the funds to ramp up foreign investment, import key technology and export its cars, the newspaper said.

Last year, Nanjing, which also has a joint venture with Italy's Fiat, announced it would build the MG brand in Oklahoma from May 2008, which would make it the first Chinese auto maker to build cars in the United States.

But ambitions were called into question when its chairman requested financial help during the annual parliamentary session in Beijing in March, sparking concerns that the company was in over its head.

The capital injection also ends recent speculation in the domestic press about a buyout by key rival Shanghai Auto, which bought the rights to MG Rover Group's 75 and Rover 25 in 2005, the paper added.

Shanghai Auto, one of China's largest auto makers which partners with multinational giants Volkswagen and General Motors, lost out to Nanjing in the bid for all of the bankrupt British car maker's models and engines


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A comment from the Jiangsu Business News:

As one of China's three policy banks, the signing of the Import and Export Bank of China and Nanjing Automotive strategic cooperation agreement is of unusual significance, far more significant than the general commercial banking operations. This shows that chairman Wang Haoliang's proposal to the Central Committee Political Bureau Standing Committee in March for state support has been received positively. The State's policy of strong support for the MG project has become clear.

http://www.njnews.cn/x/ca901905.htm
 
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