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New Smart-based MG Roadster could see production by early 2007
The UK-based Kimber group has assembled a high-profile set of Europan industry executives to revive MG sports cars using technology from the Smart car brand.
By 2011, Kimber plans to be building two sports cars at an annual combined volume of 19,000 units.
The first car to come to market would be a small roadster based on the Smart Roadster. Smart stopped building that model last autumn because of slow sales.
The second vehicle would be a larger roadster using some of the components of the MG TF. The MG TF went out of production when MG Rover collapsed last April.
The CEO of Kimber's management team will be Englishman Barrie Wills, a long-standing industry figure who launched the Elan at Lotus and also worked for Jaguar and De Lorean.
Kimber's chairman will be UK businessman David James, a company recovery specialist who helped to revive the Millennium Dome exhibition complex in Greenwich near London.
Executives with auto industry experience will take on key roles, including John Perrott, formerly of McLaren and Lotus, who will be the purchasing director.
Italian Paolo Caccamo will serve as an advisor to the project. He is chairman of design and engineering specialist I.DE.A. Institute of Italy and the former CEO of Italian contract manufacturer Bertone.
Former Freightliner and Mercedes-Benz USA President Peter Keilbach, a German national, is also on the Kimber board.
U.S. exports planned
Kimber and Smart signed the memorandum of understanding on February 17 that allows Kimber to redesign, produce and sell the former Smart Roadster and Roadster-Coupe models under a different brand name.
Kimber also can buy production equipment for both models that is no longer needed by Smart.
Kimber plans to start production of the rebadged Roadster early next year, in time for a debut at the 2007 Geneva show.
Sources say Kimber and Chinese carmaker Nanjing Automobile are negotiating to use the MG brand for the reborn roadster. The model may carry the Midget name, used on MG's lightweight sports car of the 1960s and 1970s.
Up to 7,000 roadsters will be made in the first full year of operation, sources say. By the third year, the company wants to increase to 11,000 cars a year.
Kimber aims to build a larger, more expensive sports car in 2010. Within a year, planned annual volume is expected to be 8,000 units.
Kimber hopes to export the larger sports car to the U.S.
Senior Kimber officials say they have sufficient financial backing, including auto industry investors, venture capitalists on both sides of the Atlantic and one "extremely wealthy" private individual.
Kimber won't discuss the actual sums involved until final negotiations with Smart and other parties are completed, but sources say the total investment could run to E70 million or more.
Under the terms of the agreement concluded with Smart, Kimber will move the Roadster's production line from Smart's factory in Hambach, eastern France, to a new site.
Three locations, all of which qualify for EU grant aid, are under consideration,:
>> A former Dunlop tire plant in Coventry, England
>> A site next to Ford's Bridgend engine works in Wales
>> A greenfield site at Erfurt in eastern Germany, near Opel's assembly plant in Eisenach.
Sources close to Kimber say the company has reached an agreement to use the new three-cylinder Mitsubishi engine that will go into the second-generation Smart ForTwo, due in 2007.
Kimber will discard the Smart Roadster's often-criticized six-speed clutchless transmission in favor of a conventional manual transmission.
Kimber plans to keep using Smart's production system, in which suppliers deliver and install modules directly on the assembly line. Sources say most of the Roadster's existing suppliers will stay.
The Kimber group takes its name from Cecil Kimber, who founded MG in 1924.
Autoweek(a pic).
It was a long story so I thought I'd post it up.
The UK-based Kimber group has assembled a high-profile set of Europan industry executives to revive MG sports cars using technology from the Smart car brand.
By 2011, Kimber plans to be building two sports cars at an annual combined volume of 19,000 units.
The first car to come to market would be a small roadster based on the Smart Roadster. Smart stopped building that model last autumn because of slow sales.
The second vehicle would be a larger roadster using some of the components of the MG TF. The MG TF went out of production when MG Rover collapsed last April.
The CEO of Kimber's management team will be Englishman Barrie Wills, a long-standing industry figure who launched the Elan at Lotus and also worked for Jaguar and De Lorean.
Kimber's chairman will be UK businessman David James, a company recovery specialist who helped to revive the Millennium Dome exhibition complex in Greenwich near London.
Executives with auto industry experience will take on key roles, including John Perrott, formerly of McLaren and Lotus, who will be the purchasing director.
Italian Paolo Caccamo will serve as an advisor to the project. He is chairman of design and engineering specialist I.DE.A. Institute of Italy and the former CEO of Italian contract manufacturer Bertone.
Former Freightliner and Mercedes-Benz USA President Peter Keilbach, a German national, is also on the Kimber board.
U.S. exports planned
Kimber and Smart signed the memorandum of understanding on February 17 that allows Kimber to redesign, produce and sell the former Smart Roadster and Roadster-Coupe models under a different brand name.
Kimber also can buy production equipment for both models that is no longer needed by Smart.
Kimber plans to start production of the rebadged Roadster early next year, in time for a debut at the 2007 Geneva show.
Sources say Kimber and Chinese carmaker Nanjing Automobile are negotiating to use the MG brand for the reborn roadster. The model may carry the Midget name, used on MG's lightweight sports car of the 1960s and 1970s.
Up to 7,000 roadsters will be made in the first full year of operation, sources say. By the third year, the company wants to increase to 11,000 cars a year.
Kimber aims to build a larger, more expensive sports car in 2010. Within a year, planned annual volume is expected to be 8,000 units.
Kimber hopes to export the larger sports car to the U.S.
Senior Kimber officials say they have sufficient financial backing, including auto industry investors, venture capitalists on both sides of the Atlantic and one "extremely wealthy" private individual.
Kimber won't discuss the actual sums involved until final negotiations with Smart and other parties are completed, but sources say the total investment could run to E70 million or more.
Under the terms of the agreement concluded with Smart, Kimber will move the Roadster's production line from Smart's factory in Hambach, eastern France, to a new site.
Three locations, all of which qualify for EU grant aid, are under consideration,:
>> A former Dunlop tire plant in Coventry, England
>> A site next to Ford's Bridgend engine works in Wales
>> A greenfield site at Erfurt in eastern Germany, near Opel's assembly plant in Eisenach.
Sources close to Kimber say the company has reached an agreement to use the new three-cylinder Mitsubishi engine that will go into the second-generation Smart ForTwo, due in 2007.
Kimber will discard the Smart Roadster's often-criticized six-speed clutchless transmission in favor of a conventional manual transmission.
Kimber plans to keep using Smart's production system, in which suppliers deliver and install modules directly on the assembly line. Sources say most of the Roadster's existing suppliers will stay.
The Kimber group takes its name from Cecil Kimber, who founded MG in 1924.
Autoweek(a pic).
It was a long story so I thought I'd post it up.