Fresh off of the press at Forbes!
Although this is obviously good news for Austin-Healey lovers all over the world, but it may take some time to get an actual car into production! China Car Times is intrigued as to what cars they will actually produce, small two seater fun-mobiles or bigger saloons? Will the old Rover range be recycled and be labeled Austin?
LONDON (Thomson Financial) - The Chinese owner of the rump of bankrupt British car giant MG Rover said it has done a deal paving the way for the revival of one of the UK’s most famous car brands.
Nanjing Automobile Corp (NAC) said it had reached an agreement with Healey Automobile Consultants Ltd and HFI Automotive Ltd to collaborate on the future development of the Healey and Austin Healey brands and sports cars bearing their name.
Nanjing said in a statement that the deal ends long-standing issues about ownership of the brands and trade marks and expands opportunities for joint trade between the companies.
NAC is the Chinese parent company of Nanjing Automobile Corporation (UK) Ltd, which acquired the assets of MG Rover in July 2005.
It makes and sells cars worldwide and recently restarted production of the MG TF sports car at the former Rover plant at Longbridge in Birmingham.
Nanjing said last year that it may bring back the Austin marque for a range of new cars to be designed at Longbridge.
HFI is the automotive partner of HAC, which owns the Healey brand.
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