
Shanghai Automotive and SAIC Motor have announced that the two companies are setting up a $457.6 million
joint venture to produce Shanghai Auto cars based on MG Rover technology. The new cars will be the first to be
developed under the Shanghai Auto brand.
Shanghai Auto, General Motors' principal Chinese partner, was
beaten out by Nanjing Automobile in its bid to buy MG Rover outright, but it does own the rights to build the Rover 25
and 75 models. The joint venture aims to produce 120,000 cars annually, starting this year with cars based on the Rover
75 (shown above).
[Source: Automotive News]

