UPDATE 1-Chinese car maker Nanjing may sell up to 50 pct stake

Newswire

(Adds background) NANJING, March 26 (Reuters) - Nanjing MG Motor Co. may sell as much as a 50 percent stake to outside investors to help fund its expansion, its general manager said on Monday. The company will roll out two mid-ranged MG 7 series sedans and an MG TF sports car on Tuesday, priced between 180,000 yuan ($23,255) and 400,000 yuan, Zhang Xin told Reuters in an interview. It will need 2 billion to 3 billion yuan to increase capacity in the next several years, he added. "We ...

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