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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.

Click image for hi-res gallery of the facelifted VW Phaeton

The Department of Agriculture predicts that the U.S., which exports 45-50 million tons of corn yearly, will instead convert 50 million tons to ethanol next year. Last year alone the country exported over 40 million tons which is enough to feed over 130 million people.