Posted on Monday 11 December 2006
Despite buying the MG name and plant in Birmingham last year, Nanjing Auto does not own the rights to sell cars as MGs in Europe. That’s the extraordinary claim made by Anthony Terng, the administrator of MG Rover Nederland. Apparently Nanjing forgot to buy the rights to “several MG trademarks in continental Europe,” reports the UK’s Financial Times.
Without these trademarks, it would be impossible for Nanjing to sell cars in the UK and potentially Europe. The report also stated that Terng is discussing a possible sale of the trademarks to Nanjing Auto but declined to give an estimate of their value. Terng said he has been approached by other parties for the MG trademarks.