BEIJING (AFX) - Nanjing Automobile Corp said it yesterday began construction of a plant to produce MG Rover cars, as part of its plan to revive the MG Rover brand.
The company said in a statement that total investment in the project, based in Nanjing, will be 2.82 bln yuan.
The plant is expected to make 200,000 cars and 250,000 engines every year,the company said.
The company added that most of MG Rover's machinery and equipment in the UK has already been shipped to China and production is scheduled to start next year.
Nanjing Automobile Corp paid 50 mln stg for MG Rover in July last year, acquiring its assembly lines, engine technology and many of the firm's models
http://www.forbes.com/markets/feeds/afx/2006/03/27/afx2625888.html
The company said in a statement that total investment in the project, based in Nanjing, will be 2.82 bln yuan.
The plant is expected to make 200,000 cars and 250,000 engines every year,the company said.
The company added that most of MG Rover's machinery and equipment in the UK has already been shipped to China and production is scheduled to start next year.
Nanjing Automobile Corp paid 50 mln stg for MG Rover in July last year, acquiring its assembly lines, engine technology and many of the firm's models
http://www.forbes.com/markets/feeds/afx/2006/03/27/afx2625888.html