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Nanjing to start production of MG this month

Nanjing Automobile Corporation of China is scheduled to start production of a convertible MG sports car this month, according to The New York Times.
"The rebirth of MG is the latest and most splashy example of how China’s growing economic might is reaching carefully into foreign markets, buying up troubled companies with established brands and using them to build bridgeheads for some of the hundreds of billions of dollars that the country has to invest overseas," writes NYT correspondent Craig S. Smith. Nanjing acquired the legendary MG marque last year.

Posted by   at 12:20 PM to Companies | Permalink | Comments 0

A domestic solution for Chrysler?

Check out venerable auto columnist Jerry Flint's suggestion that a group of wealthy Americans buy up Chrysler and put it back together. Flint sees billions of dollars to be made and suggests starting by recruiting proven leaders - such as Dieter Zetsche f- or the job.
"(Zetsche) should be happy to quit that pain-in-the-neck job as chief executive of Daimler and join a bigger company, American Chrysler," Flint writes. "If Zetsche could offer Wolfgang Bernhard the No. 2 position, it would be perfect."
Then focus on product, the company's biggest challenge, he writes. Read Flint's wide ranging analysis, Dreaming of a new Chrysler, on leftlanenews.com.

Posted by   at 12:06 PM to Companies | Permalink | Comments 0