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SAIC to export self-branded cars to Europe

From tradingmarkets.com| July 02 , 2008 10:18 BJT

Shanghai Automotive Industry Corporation (Group) (SAIC), which now has self-developed car brands like MG and Roewe, is confident to tap into the European market with the proprietary brands.

The Shanghai-headquartered car group, which has integrated its Nanjing-based peer Nanjing Automobile (Group) Corporation for over 100 days, has launched a series of self-developed car models like three-compartment sedan models Roewe750, Roewe550 and MG7, sports car model MG TF and two-compartment sedan model MG 3SW.

The MG brand cars have resumed production in the Long Bridge factory in the UK and are expected to enter the European market. MG TF is scheduled to resume production in the UK this August and to hit the local market in September.

The MG and Roewe brands cars will be sold around the world in two networks but share the same after-sale and maintenance services. About 30,000 MG cars are expected to be sold in China and the oversea markets this year.

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