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Wednesday, July 12, 2006

The New MG: China Invades Under The Guise Of The British Flag

Several Chinese carmakers are on the verge of exporting vehicles to the United States. But the Nanjing Automobile Group has bigger plans. Their planning to export British cars to the United States...and their going to build them in Ardmore Oklahoma!

When we think of the People's Republic of China, we still have a lot to fear that doesn't involve having the largest army in the world. I'm a little more concerned by the fact that the government that puts a near total clamp on information from the outside world and can force some mega companies like Wal-Mart Stores, Inc. (NYSE:WMT) and Google Inc. (NASDAQ:GOOG) to conform or else don't seem to have a much trouble ignoring international copyright laws and make billions on pirated cds, dvds, and software.

But the Chinese people are quickly becoming addicted to Western culture and products in spite of (or maybe because of) restriction, and Chinese businesses are out to prove that they're ready to play on the global stage. After all, it was the Chinese company Lenovo that that became a savior of sorts to the PC innovators at International Business Machines Corp. (NYSE:IBM), taking their failing PC and laptop business from them.

But back to cars. Nanjing purchased the assets of MG Rover Group from bankruptcy and plans production of a newly designed MG TF Coupe in 2008, to sell for around $20,000 to $25,000. They first plan to reopen the shuttered assembly plant near Birmingham, England and produce MG TF Roadsters for the market in 2007.

- Chinese Company Intends To Build MG's In Oklahoma (New York Times)

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