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First Chinese MGs built

By Jack Carfrae Motor Industry 27 March 2007 02:17 Today is an historic day for Nanjing Automotive as the first MG built outside Longbridge will leave the production line at Nanjing’s factory in China. Around 1000 visitors are gathering at the plant to join in with the celebrations, where the new, Chinese-built MGs will be on display (above). The first cars off the production lines are the MG TF and the MG 7, which Brits will remember as the MG ZT.

Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

New car ‘sales’ up over 10% in 2014

Sales of AFVs – like the Auris Hybrid – have grown over 50% The story of new car sales in the UK continues on its seemingly ever-upward path, with the Society of Motor Manufacturers and Traders (SMMT) reporting new car registrations in the UK up by over 10 per cent in the first half of 2014. A total of 1,287,265 new cars have been registered in the UK so far this year (although previous evidence would suggest a good 400,000 of those are dealer pre-reg cars), the highest figure since 2005. And as Alternatively Fuelled Vehicles (AFVs – those powered by anything other than a single fossil fuel source e.g.