MG receives huge investment

01 August 2012

 

 
MG has received a major boost following a period of booming sales, as its parent company, SAIC Motor is partway though a major investment campaign.

The move will see £4.5 billion ploughed into aspects of the firm’s operations such as research and development (R&D) as the manufacturer continues to perform well on the international stage.

Officials have said that the initiative is to stretch over five years, up until 2015, and will make SAIC become the leading R&D organisation in China, which represents the biggest automotive market around the world.

The company only started the investment programme last year but has already seen £2.3 billion being made available for firms within the SAIC brand, which also includes major projects with both General Motors and Volkswagen.

Officials stated that the move has been substantially helped through SAIC’s performance in China, where sales of both MG and Roewe models jumped by 44 per cent over June.

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