Toolsview all


MG plans downshift
Automakers' consolidations puts Ardmore deal on hold

 
By Paul Monies | Published: October 10, 2007    Comment on this article Leave a comment

A government-mandated consolidation of the Chinese auto industry has put on hold a project to build MG sports cars in Oklahoma, one of the dealmakers said Tuesday.

More Info


"We are trying to develop one of the top air cargo just-in-time manufacturing/assembly/distribution warehousing centers in the United States in Ardmore, Oklahoma. It's an old military base that the state and city of Ardmore put millions of dollars into to bring it up to scale as a ‘Class A' world cargo airport.”
Marc Nuttle

Advertisement

But Norman attorney Marc Nuttle, who formed Oklahoma Global Motors LLC with China's Nanjing Automobile Group Corp., said he still hopes the project will get a green light from the Chinese government by the end of the year. Nanjing is merging with larger rival Shanghai Automotive Industry Corp.

"Right now, they're in restructuring mode, and I don't know what they're going to do,” Nuttle said. "They merged with Shanghai, and there's nothing we can do about it. It's not Oklahoma's or the Chickasaw's fault; that's the state of international business.”

The MG auto plant was to be north of Ardmore on tribal land owned by the Chickasaw Nation and next to the Ardmore Airpark. The project was expected to create up to 500 jobs, including several in Norman and Oklahoma City.

Page 1 of 2

Toolsview all



Related Topics: Politics, World Politics, Chinese Politics, Asia-Pacific Politics



Leave a Comment

Thank you for joining our conversation on NewsOK.com. We encourage your discussion but ask that you stay within the bounds of our commenting and posting policy. Please help by flagging comments that violate these guidelines. Posts that contain obscene or vulgar language will be immediately flagged and not posted.

If you prefer your thoughts to appear in The Oklahoman, we encourage you to submit a letter to the editor.

Would you like to leave a comment?

Log in or sign up (it's free).

comments powered by Disqus

Ads by Yahoo!

53yr Old Woman, Looks 25
Mom reveals simple wrinkle trick that has angered doctors...
www.ConsumerLifestyleMag.com
Incredible India
Wildlife, Adventure, Culture and Spirituality. Experience it all now
www.IncredibleIndia.org

News Photo Galleriesview all