São Paulo, Brazil, 14 June – British company MG Motors UK, which is majority-owned by the Shanghai Automotive Industry Corporation (SAIC), has started selling two of its models – the MG550 and the MG6 – in Brazil, the Brazilian press reported.
The MG motors models, which are represented in Brazil by Sao Paulo based company Forest Trade, will be sold for between 94,000 and 100,000 reals (between US$59,000 and US$63,000), with a number of items as standard including DVD player, satellite navigation, ABS brakes, light and rain sensors and 17-inch tyres.
The MG Car Company was founded in the 1920s and produced cars continuously until the autumn of 1980.
After two attempts to re-launch production, the second of which was commercially successfully, the MG brand and the Rover brand, merged to become the MG Rover group in May, 2000, and production came to a stop in April, 2005 when the group went into receivership.
MG Rover’s assets were acquired in July, 2005 by Nanjing Automobile, which was later acquired by Chinese group Shanghai Automotive Industry Corporation. (macauhub)