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NINETY EIGHT REGENCY

China's SAIC could sell MG cars through GM's UK dealers

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China's SAIC could sell MG cars through GM's UK dealers

December 13, 2010 14:01 CET

BEIJING/SHANGHAI (Reuters) -- Chinese automaker SAIC Motor Corp. could be granted access to partner General Motor Co.'s UK sales network, a senior GM executive said on Monday.

"We have agreed in a memorandum that we would discuss the potential for MG to be distributed in the UK," Kevin Wale, president and managing director for GM's China operations, said at a Reuters' event. "That's what we are doing at the moment."

Wale said no discussions have been held on sharing GM's dealer network in North America.

The UK deal would make SAIC the only Chinese automaker to secure access to a partner's overseas dealer network.

SAIC became the owner of MG Rover's 10,000-unit Longbridge plant in Birmingham, England, after a merger with its much smaller peer, Nanjing Automobile Group, in late 2007.

The Chinese automaker plans to start making the MG series sedan in the UK by the end of this year and sell them across the European Union, its chairman Hu Maoyuan told Reuters in January.

In November, SAIC bought nearly a 1 percent stake in GM when the top Detroit automaker returned to the stock market with a more than $20 billion initial public offering.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101213/ANE/312139920/1131#ixzz18126dL3I

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