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  1. Join Date
    Jul 2013
    Posts
    5,465
    #1
    MG PH to release statement this week about SAIC’s takeover | Visor

    word has it that SAIC will formally enter the Philippine market as a distributor, and that the brand it will focus on is MG.
    This is what I got from a TCCCI executive: “We should have a statement by next week (meaning, this week). We can’t release an official one yet because the arrangements between SAIC and TCCCI are still being finalized.”

  2. Join Date
    May 2011
    Posts
    113
    #2


    MG Philippines has no choice about the forced takeover of SAIC because in China, SAIC already owns 100% of MG.

    Not to mention, SAIC is a government funded automotive company. The chinese overlords don't want to share their stuff with democracy.

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