While the new MG TF sports cars parade at the Longbridge factory, UK, the Export-Import Bank of China offered NAC, MG Rover's new owner a 3-bill.-RMB loan, giving MG more competitiveness at the international arena.

Nanjing Automobile Corporation, the Chinese owner bought MG Rover in 2005, bringing the stopped production line back into life with three new MG TF sports cars rolling off the line on May 29th. Thus the famous British marque will be available both in Europe and in China.

NAC general manager Yu Jianwei describes the whirl in China when the first MG cars rolled off from the NAC factories on Mar 27th. He hails the return of MG to Longbridge as historically significant. "Longbridge has an irreplaceable role in the MG project. It is in the front line of our strategy. Later this year MG cars will return to the market place."

As planned, 3,000 MGs will be in Longbridge production in the first year. The first batch will be assembled at Longbridge from which many parts are made in China. In the upcoming five years, the Chinese automaker aims 200,000 MGs overally from the British and Chinese facilities, as well as 250,000 engines and 100,000 gearboxes. To reach these objectives, 3.5 billion RMB is yet understated.

Lucky enough, NAC is backed with the financial support from the Chinese government. Export-Import Bank of China, one of the three strategic banks in China penned a cooperative agreement, offering financing support ranging from overseas investment projects to high-tech products exports.

The Chinese government does give a big hand to NAC, helping it to turn internationally recognized and to survive the competitive market.