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Chen Hong, president of SAIC , confirmed this week to the media that the company is indeed interested in taking over the related automotive business of LDV , a British manufacturer of light commercial vehicles . Chen Hong said that SAIC Group may acquire the commercial vehicle manufacturer LDV, which is based in Birmingham, including its local company. He said: "We have already organized a delegation to negotiate with the British company on the acquisition."
Chen Hong also stated that at the end of 2010, SAIC Motor will start production of its self-developed MG 6 (MG 6) sedan at the Longbridge plant in Birmingham.
Earlier, Chen Hong disclosed in an interview that SAIC will join hands with local British companies to acquire LDV light commercial vehicle manufacturing company in Birmingham. "Shangqi mainly bought its intellectual property rights and the corresponding tooling molds, and its factory in the United Kingdom retained some of its production. Our parts will be exported to the United Kingdom and assembled locally, which will solve the problem of our wide-body passenger cars in terms of light buses. ."
The LDV Group has an annual production capacity of 13,000 units and the main products are the Maxus series vans and minibuses. Due to losses in recent years, it was once acquired by a Russian car company. However, because of the financial crisis, LDV did not return to life, and now the Russian car company hopes to transfer the equity in the hands. In June 2009, LDV entered the stage of bankruptcy protection.