Chinese auto manufacturer Nanjing Automotive bought the British sports car brand MG.
I remember wanting one of those when I was growing up. But, I am too big, or they are too small or a combination of both.
Nanjing Automotive plans to make the MGs in three places -
1. England
2. China
and
3. the US - Ardmore, Oklahoma.
Production is set to begin in 2008. It will be the first time a Chinese car company will manufacture in America, not to mention in America's heartland.
The cost of this purchase to Nanjing Automotive - $2 billion.
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