F&I Management & Training

Nanjing Automobile Group said it has set the price range for its MG 7 cars, which are built using technologies it bought from the UK's defunct MG Rover, at 171,600-302,800 yuan or £11,309 - £19,956. Nanjing Auto will officially launch the MG 7 series next month, the company said in a statement, selling the car across its 50-strong Chinese dealer network. Nanjing Auto started production of the MG in March, with annual capacity projected at 200,000 vehicles and 250,000 engines. Its rival Shanghai Automotive Industry Corp unveiled last October its 'Roewe 750', a vehicle based on the Rover 75 model saloon, with prices set between 231,800-276,800 yuan (£15,281 - £18,246). The new cars launched by the two companies directly compete with each other due to similar content and origin.

DATED: 29.08.07

FEED: AW