Longbridge, Birmingham, 01 August 2014 – MG parent company, SAIC Motor, has entered the Global Fortune top 100 with the company’s tenth appearance in the annual Fortune 500 list, moving up 18 places from last year’s result to reach 85th position, with 2013 yearly sales revenues of $92 billion.
The US based Fortune publication announced this year’s Global Fortune 500, with US giant Wal- Mart retaining the number one spot. SAIC’s 85th position, saw the Chinese national placed ahead of many well known brands such as Microsoft (104th), Sony (105th), Amazon.com (112th), Google (162nd), Coca- Cola (224th) and Walt Disney (232nd).
SAIC Motor is the market leader for sales in China, last year achieving record global manufacturing and sales of over 5.1 million units, an increase of 13.71% on 2012 sales and the first Chinese automotive manufacturer to exceed five million units in a year. 230,000 units of this extraordinary end of year figure can be attributed to global sales of the MG and Roewe marques.
SAIC Motor continues to grow as a leader in independent technology innovation, with recently announced new power train developments and the industrialisation of new energies, as well as the launch of the first manufacturer-owned O2O commerce platform. SAIC has sought to strengthen overseas operation and expand distributions in developing markets like ASEAN, Middle East, South America, specifically with the opening of a SAIC manufacturing facility in Thailand this year, enabling the company to expand into South East Asia, with production capacity expected to be around 50,000 vehicles a year.
2014 celebrates the 90th anniversary of the MG marque and the most successful year to date for MG Motor UK. Last month, MG announced that the Birmingham based manufacturer had exceeded 2013 total sales in just the first five months 2014. This exceptional growth is set to continue as SMMT figures for June show a 791 per cent month on month, and a phenomenal 833 per cent year to date increase.
The success of the iconic marque has been due to the September 2013 launch of the MG3 supermini and expansion of the MG6 diesel powertrain family, with a new 129g, 350 Nm performance diesel recently added.
The MG3 supermini is fun to buy, fun to drive and fun to own with over one million personalisation options, class leading chassis and driving dynamics, and exceptional value for money aftercare packages. The successful supermini is priced from only £8,399 to £9,999, or on PCP from only £99 a month or from zero deposits. The MG3 benefits from an ultra low 4E insurance group, strong residuals of up to 61 per cent, class leading interior and boot space, and high levels of equipment on all specifications as standard, as well as complete peace of mind with the three years fixed servicing package MG CARE3, the ultimate in carefree ownership.
Voted by customers as the winner of Best Handling and sixth overall Best Car to Own in the 2014 Auto Express Driver Power Awards, the MG6 is already a favourite with MG owners for its drivability, affordability and exceptionally high levels of equipment included as standard. Now the MG6 is even more appealing as all specifications are available from just £15,455 to £19,995, and with the current ‘High 5’ offer, MG6 customers can buy and drive away with complete peace of mind. With servicing, warranty and breakdown cover free for five years, as well as fuel subsidies and affordable finance deals.
Since the launch of the MG3, MG has become the fastest growing automotive brand in the UK with 50 retailers in total, 22 of which opened in 2014 including; Havant, Torquay, south Sheffield, Dudley, Gloucester, north Sheffield, Woking, Spalding, Barnes in West London, Newcastle, Leicester, Harrogate, Doncaster, Northampton, Swindon, Norwich, Falmouth, Brecon, Maidstone, Wareham on the Purbeck peninsula, Oxfordshire and Exeter.
Click here to download the full press release.