It takes independent sites to give you the correct news. All the Oklahoma hype (reported even at this site) about MG, or NAC–MG as the company is officially called now, comes from a letter of intent. The Unofficial Austin–Rover Resource’s Keith Adams, along with Ian Robertson, reported:

NAC-MG’s boss, Mr Yue Yang Wie confirmed that the company had major confidence in the MG brand name, and it would be pushing it hard as a global brand, although he firmly stated that the Oklahoma deal had yet to be cemented, and currently amounted to a letter of intent signed by both parties. According to NAC-MG, the Americans had jumped the gun, and the future of the Ardmore site depended on the needs of the business.

   Not only did we not see that in the mainstream media, we haven’t seen any clarification of the earlier stories after Mr Yu’s press conference. (The different spelling of the NAC boss’s name is merely due to dialectical differences.)
   More of the story is at Keith’s site, which has been fairer and more optimistic than the downbeat, “they will die” tone of most of the British press. That attitude contributed to MG Rover’s downfall in the first place. And omitting the above statement made by Yu indicates that little has changed among journalists covering MG Rover.
   The Unofficial Austin–Rover Resource’s story contains further news on collaborators and engine development. Posted by Jack Yan, 14:01  permalink

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