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Shanghai Automotive Industry Corporation (SAIC) has signed a deal with Thailand's Charoen Pokphand Group to set up an assembly plant in the land of thousand smiles. The investment will cost SAIC 1.8 million yuan in the initial stage. SAIC will hold 51% stake in the joint venture while Charoe...
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[extract] SAIC-owned MG returned to the UK market in 2011 with the MG6 compact sedan. In saloon and five-door body styles, sales of the MG6 in the UK was found wanting with only 15 units sold in October 2011. This should not come as a surprise as the MG6 is based on SAIC
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