March 27, 2007 | posted by Michael Baxter in IABN |

Here’s a question for you. What does the legend MG stand for? Morris Garages? Wrong. Apparently it stands for ‘modern gentlemen.’ At least, that’s what Nanjing Automobile Group Corp is telling its public.

Today, the MG is back, but this time in China.

The plan is to produce 200,000 new cars over the next five years at its swanky new production facility.

And yet, the MG curse seems to strike again.

For in China, it’s been reported that Nanjing, which you may recall beat fellow Chinese firm SAIC to the punch when it bought the rights to the car, is struggling to raise the necessary finance.

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