EXCITING FUTURE

New appointments hold promising future for Maxus, MG in SA

MG3.jpg

South Africa's MG and Maxus can look forward to an exciting future after the latest developments at its parent company, SAIC, the biggest automaker in China, the world's biggest car market.

SAIC, who took over iconic British marque MG and also manufacture the popular light commercial vehicle range of Maxus, named Chen Hong, previously the company's president and vice chairman, its new chairman.

The state-owned automaker said Chen will succeed 63-year-old Hu Maoyuan Hu Maoyuan, who retired last week after 15 years as SAIC's chairman.

Vice President Chen Zhixin, who heads SAIC's passenger car operation, has been promoted to become SAIC's president, according to an announcement the Shanghai Communist Party Committee published on its web site.

Top officials of state-owned companies are all appointed by China's ruling Communist Party.

The shuffle follows the opening of a dedicated new MG plant in Thailand, where the MG3 enters production next month. The company said in its 2013 annual report that its main tasks in 2014 include further development of its own brands, improving its R&D capabilities and accelerating its core competitiveness.

MG South Africa plans to launch the extremely successful MG3 in the second half of this year. The availability of this new supermini has been hampered by massive UK demand, but South Africa will now receive cars from the new plant which opened in Thailand last month.

Last year, SAIC sold 4.7 million vehicles through its joint ventures with Volkswagen and GM.

SAIC Motor achieved record global sales last year of over 5.1 million units; the first Chinese automotive manufacturer to exceed five million units in a year.

Of these, 230 000 of this extraordinary end of year figure can be attributed to sales of the MG and Roewe marques worldwide, including MG South Africa. Roewe is SAIC's in-house brand, based on MG technology.

Despite being manufactured in Asia for the last five years, Maxus commercial vehicles and MG still retain their British design and technology. Maxus vehicles have been proven the most reliable in the UK for the last four years, regularly outperforming the likes of IVECO, Mercedes-Benz, Volkswagen, Nissan and Toyota, to name but a few, while the new MG3 has become the biggest MG success in history in less than a year after launch.

Maxus and MG are locally distributed, sold and serviced by Mandarin Motors under the banner of Combined Motor Holdings (CMH), a leading South African motor retailer group listed on the JSE. Maxus and MG will soon have 15 dedicated dealers throughout South Africa, with additional service outlets in remote areas.

comments powered by Disqus

RW1
R1

This edition

Issue 68
Current


Archive


RoadAhead_Mag Vincent Raseroka, the Chairman of Bridge Taxi Finance lives by this motto. Not only has he changed his life, his mi… https://t.co/RYL5rcdluA 30 days - reply - retweet - favorite

RoadAhead_Mag Transport Month - Infrastructure drive to boost the economy https://t.co/kGFBnNoV9l https://t.co/ujnwMSA5rN 2 months - reply - retweet - favorite

RoadAhead_Mag Soaring fuel prices threaten to slam brakes on economic growth https://t.co/24JLlHmwFc https://t.co/tLftSVwxO9 2 months - reply - retweet - favorite