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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3 comments:

Anonymous said...

The Chinese need a complete working modern auto that they can dissect and copy and sell if even at a cheap price to first worlders.
(real conservative)

Neo Conservative said...

*
it worked for japan post-world war two

*

Ron said...

Duke Hale, the man hired to head up the Oklahoma division has already quit.

The MG's and Rovers that they are building are basically good cars. MG - Rover went under primarily because of its management.

The only benefit Nanjing would have for buying Chrysler would be for the dealer network, something that they don't have now and a hugely expensive component.