For anyone opposed to the US government's auto bailout plan, get ready for yet another reason why your thinking is and was stupid wrong. With all due respect towards Capitalism, sometimes government action is needed. Case in point: MG, the iconic British automaker, now owned by SAIC (Shangai Automotive Industry Corporation). Now try, albeit painfully, to picture a Chinese-owned and built Chevy Camaro.
As a result of letting the brand suffer without national assistance, we're seeing pictures of the first Chinese-built MG, called the MG3. At launch, the standard and only power will come from a 1.5-liter gasoline engine with 110 hp and 135 lb-ft of torque. Transmission choices are either a five-speed manual or four-speed automatic. It'll later be offered with a smaller 1.3-liter with 68 hp and a more powerful 1.5 Turbo with 158 hp. Diesel engine options are also being considered. Painful enough yet? It gets worse.
The MG3 will be offered only as a five-door hatch as it's meant to cater to younger buyers. Unfortunately, those buyers have little to no memory of what MG's use to be. And with the proud new owners, they'll only know them as cutesy-like Toyota Yaris alternatives. Now, picture the Camaro as a supermini. Photos courtesy of Autocar.co.uk.