It is a travesty that the initials "MG" are coming to be a convenient epithet for the term "woe." The British sportscar maker has had an exceedingly trying history recently, and things haven't got any better with word that its owner, MG Motor UK Ltd. (which is really Nanjing Automobile Corporation), is reportedly closing the company's Longbridge plant.

Production of the MG TF was back in order early last year, but economic turbulence made the factory's fortunes equally bumpy. It hasn't helped that the last couple of special editions the company has put out, the MGTF LE500 and the 85th Anniversary MGTF, haven't been so well received. MG Motor said it couldn't guarantee stability and now, 2009 production has ceased. There were rumors of a new 2010 MG model coming out... but that was a long time ago, and things have lately been as quiet as the now-shuttered Longbridge factory.

[Source: BBC]

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