The joint venture planning to build MG cars in the United States will begin searching this month for up to 40 dealers, the lead investor says.
Oklahoma Global Motors expects to have a licensing proposal by April 16, Marc Nuttle says.
Nuttle returned last week from negotiations with Nanjing Automobile Group to build the MG TF coupe from knockdown kits in Ardmore, Okla., in 2008.
Nuttle says he was taken aback last week when reports from the United Kingdom said the Oklahoma project was dead. The reports were part of press coverage of the start of MG production in China.
Nuttle strenuously denies that negotiations have broken down.
"I have the license proposal in front of me," says Nuttle.
"We are doing due diligence and have title issues to complete in three weeks."
A prototype coupe is likely to be ready by year end, he says.
The dealer search will be headed by the company's president, John English, former head of Lotus Cars.
You may e-mail Diana T. Kurylko at [email protected]