MG is preparing to unveil two new of its light weight mid engine sports cars. The first new MG TF will be an entry level version called the TF 135, priced at £13,511. The sporty little MG will get a 1.8 Liter 16v K-series engine that makes 135 HP, hence the TF 135.
The second is a special edition that marks MG’s 85th anniversary. This is a very special car and will be available in three distinct colors, complete with 85th anniversary graphics on the outside and stunning aubergine leather trim on the interior.
MG’s current owners, China’s Nanjing Automobile Group Corp., originally planned to bring the legendary marque back to the United States in the summer 2008. Well new announcements have showed that those plans have been pushed back indefinitely. Plans also had included building MG’s in Oklahoma from kits shipped from China.
"The U.S.A. isn’t on the short-term radar as an anticipated market for us, but with the right product, it would be good to return there," Gary Hagen, marketing director of NAC MG. No reason was given as to why NAC MG changed it’s US release plans. It was simply stated that "The deal fell through".
MGs were last sold in the United States in 1980. Since then many plans to reintroduce the brand to the US have never come to fruition.
Full-scale car manufacturing resumed today at what is left of the historic Longbridge factory. The first car in production is the two-seater MG TF LE500 sports car - an update of the version sold from 2002 to 2005. The cars will sell for £16,400 ($32,400) and are set to be delivered to customers next month.
The factory had been closed since MG collapsed three years ago, causing the loss of 6,000 jobs. In July 2005, what is now Shanghai Automotive Industry Corporation (SAIC) bought MG Rover’s assets for 53 million pounds. The new owners demolished over half of the Longbridge facility, but the factory was of such massive size that it still has the capacity to employ about 1,000 workers.
"We are delighted to have reached this important point and are looking forward to seeing the cars in showrooms shortly," said MG UK corporate communications manager Eleanor De La Haye. "If you look at the pre-orders that we have had through our dealers, about 70 percent are already sold and that tells its own story."
MG announced prices for the TF LE500: 16,399 pounds (20,700 euros). Sales will begin in September. The price of the two-seater sports car will include a body-colored hardtop, air conditioning and parking sensors.
MG will also introduce an entry-level TF that will substantially undercut the Mazda’s price.
The new MG TF will make its debut around 2010 and will replace the TF – production of which is back on track at MG Rover’s old home of Longbridge in the West Midlands. Based on the current Roewe 550 compact hatch, which made its debut at the Beijing Motor Show, the future TF will be available in both coupe and convertible version.
The new TF takes some of its styling inspiration from the MG SV supercar and X80 concept. Those models were both based on the Mangusta – a sports car from Italian maker Qvale, which MG Rover bought in 2001.
The 2010 TF will be based on a rear-wheel-drive platform developed in conjunction with British engineering expert Ricardo and will be powered by MG Rover-based engines – including a 1.8-litre turbo and 2.5-litre V6.
It is going to come as something of a shock to Fortune Magazine’s senior editor, Alex Taylor III, who wrote that “[i] the Tata
deal [to buy Jaguar
and Land Rover from Ford] goes through, it turns the entire auto industry into a global bazaar.”
Mr. Taylor lives in a sheltered environment, working for Time Warner and writing for Fortune. He’s apparently missed the globalization of the auto industry, such as General Motors’ announcement last week that it had sold one (...) > Full story
Nanjing Auto bought the rights to the MG name, and the company, in 2005. Since then, they have invested $362 million in a new plant and in equipment in Nanjing, China.
Next month, Nanjing will introduce the result of these efforts, the MG-7, in China. The car is a 1.8 liter turbocharged base car starting at $22,578, and a 2.5 liter V-6 version starting at $39,842 in China. To this point, plans for export, if any, have not been announced.
The company will also produce the MG (...) > Full story
It is said that a “Chinese Curse” is getting what you wish for.
Forbes Magazine is reporting on its website that the Chinese owner of the bankrupt British MB Rover company will be bringing back the Austin-Healey brand. The company is Nanjing Automobile Corporation. According to the report, it has reached agreement with Healy Automobile Consultants, Ltd., and HFI Automotive, Ltd., which own the actual brand names, to bring to production a new line of Healy and Austin-Healey sports cars. (...) > Full story
According to Blackpool Gazette, Riley sports cars could once again be built – this time in Blackpool. Riley said that he would bring back the Riley name, which died in 1969, but the new cars will be based on the former MGs, specifically the MG SV coupe.
He is confident of securing a deal with receivers PriceWaterhouseCoopers to buy the MG Sports & Racing brand within weeks. The main MG brand itself was bought by Nanjing Automotive.
Riley hopes to close the deal in the next seven to (...) > Full story
The MG ZT is a high-performance version of the Rover 75 executive car, produced by MG at their Longbridge site in Birmingham. They also manufactured estate versions of the vehicle, referred to as the MG ZT-T. Styling is similar to the 75, although uprated springs and chassis modifications make for a far firmer ride. Production of the cars ceased in 2005 amidst financial turmoil at MG Rover.