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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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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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