27 March 2007

Chinese buying out Chrysler?

Well, if they can take over MG Rover, it's probably not beyond the realm of possibility...
-- Nanjing Automobile has unveiled the first MG cars to be built in China. It bought the bankrupt UK firm MG Rover for £53m ($104m) in 2005.

Nanjing Auto acquired MG Rover's assembly lines and engine technology. It plans to set up an assembly line in Oklahoma next year to supply the US market.

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