SAIC to start British MG TF production in August

Shanghai, June 19 (Gasgoo.com) Shanghai Automotive Industry Corp (SAIC), now the Chinese owner of the marque MG, has reaffirmed its plans to start production of the MG TF sports car  this August at the former MG Rover factory in Longbridge, in the West Midlands region of England.

Speaking at a recent shareholders’ meeting, SAIC President Chen Hong said that the car will go on sale at more than 40 dealerships in the United Kingdom by the end of August or in early September.

"We will do it step by step," he said. "We will start with Britain and will consider selling it to other markets eventually."

Nanjing Automobile Corp (NAC), now a division of SAIC, purchased the assets of the collapsed MG Rover in 2005 for about $100 million. NAC originally announced plans to start production of the cars in 2007, but by then, it has been acquired by SAIC.