SAIC BREAKS INTO TOP 100 IN GLOBAL FORTUNE 500
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MG Motor parent company, SAIC Motor placed 85th in Global Fortune 500
SAIC’s 2013 yearly sales revenue total of $92 billion
MG Motor UK fastest growing automotive brand in the UK for seventh month running
News announced as MG celebrates its 90th anniversary and rapid expansion of retailer network in the UK
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 (104 th),
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.
ENDS
About MG Motor
Since the first MG went on sale 90 years ago in 1924, the iconic British brand has become world famous for making stylish
cars that are fun to drive and own, at remarkably affordable prices. The latest offering, the MG3 is no exception; the new,
small modern MG brings style and fun to a new generation- giving a fresh twist on the innovation, sporty performance and
statement style that first made the MG badge famous.
Modern MGs are designed, engineered and undergo final assembly at MG’s historic home in Longbridge, Birmingham.
Today, MG is owned by the SAIC Motor Corporation. SAIC Motor is currently rated 85th in the Fortune 500 and, in 2013,
achieved record global sales of over 5.1 million units, an increase of 13.71% on 2012 sales. SAIC Motor is the first Chinese
automotive manufacturer to exceed five million units in a year, and 230,000 units of this extraordinary figure can be
attributed to sales of the MG and Roewe marques worldwide.
About SAIC Motor Corporation (Shanghai Automotive Industry Corporation)
SAIC Motor Corporation is an automotive manufacturing company with headquarters located in Shanghai. Established in
the 1940s, SAIC traces its origins to the early years of the Chinese automobile industry. SAIC has been joint ventured with
General Motors since 1998, and Volkswagen since 1985. SAIC products sell under a variety of brand names, including those
of its joint venture partners. Two notable brands owned by SAIC are MG, the historic British car marque, and Roewe, one
of the few domestic Chinese luxury car brands.
SAIC Group has continued to invest heavily into operations in the UK, with notable projects that include the addition of a
new European Design studio - now the fifth largest in the UK - and Engine Testing facilities. The development of future new
Group products continues in the UK and points to an exciting and successful future for the company.
More information is available at www.mg.co.uk/media
Laura Biss, PR Manager
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laura.biss@mgmotor.co.uk
@laurabiss