Jan 4, 2013

CP Motor Company formed to produce cars

A new car company has been formed, CP Motor Company, a co-investment between Thailand's CP and China's SAIC, to produce "MG" European brand cars. A 10 Billion Baht investment is a 49% holding for CP and 51% holding for SAIC and a contract has been signed in China.

MG will be marketed in 2014.  Parts will be initially imported to be assembled in Thailand. The initial production target is 50,000 cars per year, with a future capacity planned to 200,000 cars per year. First car series to be sold in Thailand will be MG 3, MG 5, MG 6.

Ref : Goto Manager

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