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SAIC to Launch 1st MG Car after Marrying Nanjing Automobile - Just British
Shanghai Automotive Industry Corp. (Group) (SAIC) is scheduled to launch SW, a model in MG 3 Series, after the Chinese Spring Festival in February. The model will be the first new product the Chinese auto giant releases after marrying Nanjing Automobile (Group) Corp. It indicates that the MG brand will grow rapidly since the marriage began. SW has been in the spotlight after it debut at the Guangzhou auto show in November 2007. “We will bring out 1.4- and 1.8-liter products shortly after this Spring Festival,” a MG executive showed great confidence. MG 3 Series, priced between CNY 80,000 and CNY 120,000, will be a major force in the MG family, related people disclosed at the show. The SW is predicted to reach the ceiling of the brand’s price range and compete head-to-head with medium- and high-grade small-sized two-compartment products [...]