According to an article in the Financial Times, Nanjing Automotive Corporation, the Chinese owners of MG, are currently developing a new sports car that should be released sometime in 2009.

A Nanjing exec is quoted as saying that a new, "very good sports car that would fit in with the brand" is coming, although no further details were released.

This new sports car will likely be produced at MG's Longbridge plant, however, more expensive parts, including engines and transmissions would be shipped out from China.

With the first TFs expected to be produced in the next few months, it seems that MG's new masters are finally on their way to making good on their plans, and with two new models, in addition to this new coupe on the horizon, the automaker finally has a shot at rising from the ashes.

[Source: Financial Times via Motor Authority]

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