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Shanghai Automotive Industry Corporation Wikipedia

Shanghai Automotive Industry Corporation (in Chinese language|Chinese: 上海汽车工业(集团)总公司; Pinyin: Sh??ngh??i Qich?? G??ngy?? (J??tu??n) Z??ngg??ngs??; or 上汽, Sh??ngqi; abbreviated SAIC) is one of the "Big 3" Chinese automakers. SAIC partnered with General Motors to form GM Shanghai and the Pan-Asia Technical Automotive Center, and also owns 20 percent of Chery, another Chinese automaker. SAIC also partnered with Volkswagen Group in the formation of Volkswagen Group China.

In August 2004, it was learned that SAIC was in talks to buy Britain's MG Rover. In November, it was announced that SAIC could take a 70 per cent stake in a joint venture company shared with MG Rover in return for its ??1 billion investment.
However, in April 2005, it emerged that SAIC would not proceed with the MG Rover deal, after concerns about the British automaker's financial stability. This news sent MG Rover into administration. SAIC claimed it had acquired certain rights to MG Rover products, most notably the Rover 25|25 and the long-wheelbase Rover 75|75, a fact disputed by the administrators. It also emerged that the company was negotiating with British engineering firms for tooling up in China.

In June 2005, it emerged that SAIC held the rights to the MG TF sports car. Commentators in the British media claimed that the rights were transferred by its former owner, MG Rover, to SAIC 'accidentally'.

The company is planning to release both its own version of the Rover 75 and a Chinese version of the Ssangyong RX320 SUV by 2007.

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Last Modified:   2005-11-04