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Nanjing Auto to build MGs in Oklahoma

Nanjing Automobile Group plans to build MG-brand cars in Oklahoma, as it leads the charge among Chinese automakers eyeing the US market. The company, which took control of MG Rover last year, will assemble cars in Nanjing, China, near Birmingham, England and at a new plant in Ardmore, Oklahoma, Reuters reported. The now discontinued MG brand would be relaunched in 2007. In the US, cars would be available by mid-2008. Other Chinese automakers like Geely Automobile Holdings and Chery Automotive are hoping to increase worldwide sales. Nanjing Auto's capital investment would be more than US$2 billion and will be funded by state and local governments in Oklahoma, the state's development agency and private investors.

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