Shanghai Auto aims for 3,000 MG sales this year
The MG car unit of China's SAIC Motor Corp. is targeting sales of as many 3,000 vehicles this year, sales chief Guy Jones said in an interview.
MG has relaunched auto production in Birmingham, England, using body shells, engines and powertrains made in China. The company will produce the MG6 fastback and one other model this year, Jones said on Bloomberg Television.
The addition of more products and engines should spur "tens of thousands of sales" in coming years, he said.
China likely will be the biggest market for MG, which resumed production under SAIC's ownership. MG Rover Group Ltd. went bankrupt six years ago.
MG also is targeting sales in Europe, starting with its home U.K. market, Jones said.
SAIC, China's largest domestic automaker, inherited MG's Longbridge plant after merging with Nanjing Automobile Group Corp. in 2007. The Shanghai company paid $116 million (758 million yuan) for design rights to MG Rover models.
