Merger Talks

October 11, 2008 Staff Corporate Business Comments Off on Merger Talks

Normally I don’t cover any non-UK automotive news, but this one is such a potential game changer that I had to mention it. The New York Times is reporting that Chrysler and GM are in preliminary merger talks.

As the article says, “A merger would be a historic event, with two of the most iconic names in American industry coming together to survive in an increasingly difficult environment. Both have roots dating back decades in Detroit and, with Ford, long dominated the auto industry — until Japanese and other foreign car makers began making inroads into the American market.”

Amazing times we live in.

Oh, and on another front, I dreamed last night that MG started producing a minivan and a Hummer-like SUV. Please, say it ain’t so. I need to stop eating spicy food before bedtime.

Staff

Related Articles

No Picture
Corporate Business

MG Production at Longbridge Delayed

February 17, 2008 Staff Corporate Business, New Cars Comments Off on MG Production at Longbridge Delayed

Concerns over the quality of the cars being built by Shanghai Automotive (SAIC) at the Birmingham-based Longbridge factory have caused further delays. The MG TF is due to be the first model launched by the Chinese firm in the UK and production began back in May 2007, but it was stopped not long after. Since then, NAC (the Chinese firm that bought the MG brand following the collapse of MG Rover) has been bought out by rival Shanghai Automotive and the delays have been further extended. NAC originally claimed that it would have the MG TF on sale in early 2007 and provide more than 1000 jobs. So far, the car’s launch is more than a year overdue and only 140 jobs have been created. President of SAIC, Chen Hong, claimed that “if we launch the product on the UK […]

No Picture
Corporate Business

MG 350 on Israel’s Roads in 2012

October 9, 2011 Staff Corporate Business, New Cars Comments Off on MG 350 on Israel’s Roads in 2012

The first Shanghai Automotive Industry Corporation (SAIC) MG 350 family sedans will arrive in Israel in early 2012. These cars are expected to significantly change the Israeli automotive market in terms of the unprecedented dimensions/accessories/price ratio. The new car, which is produced partly in Europe and partly in China, is 4.52 meters long, 1.79 meters wide, and has a wheelbase of 2.64 meters. The SAIC car will come equipped with a 1.5-liter, gas-powered, 110 horsepower engine, with a Japanese-made automatic gearbox. The car will have high standard accessories, including electronically controlled seats, leather upholstery, and a premium stereo system. The final price has not yet been determined, but the initial target price will be about NIS 110,000, which is the average price for the category of smaller cars, such as Mazda 2. SAIC importer, David Lubinski Ltd., estimates that the […]