The manufacture of MG Rover cars has been again renewed after a two-year-old break. However Nanjing Automobile Company - the new owner of the brand - now is collecting the cars not in the Great Britain, but in the east of China.
As one of Nanjing Automobile top-managers has told, the company has started manufacture of cars of MG7 series and MG TF sports car. As he has also said, the cost of machines will make from 23 thousand up to 51 thousand dollars.
The company declares that it is measured to sell cars worldwide. However, the observers consider that China, where demand increases for 10 million cars a year, will become a basic market Nanjing Automobile nevertheless becomes.
How has Rover been removed from the Great Britain?
Till 2000 MG Rover company was included into BMW Concern. However Germans could not rescue the British division, losing the market, and have sold it to Phoenix Venture Holdings for symbolical 10 pounds, having reserved the rights to release cars under Rover and Mini brands.
The new owner was also unable to correct the situation. In the end of March, 2005, MG Rover factory has been closed, Phoenix Venture Holdings has declared bankruptcy, and the court has appointed PricewaterhouseCoopers as the external managing director of the company.
By that moment MG Rover has run into 1,4 billion pounds (2,8 billion dollars) creditors dept and has dismissed 5 thousand workers of the basic factory in Birmingham.
PwC has declared the sale of MG Rover. The tender was won by Chinese Nanjing Automobile state company, having offered 87 million dollars for a brand and industrial actives of the company. The manufacture of cars has been transported to China.
Nanjing Automobile plans to make 200 thousand cars a year.