Nanjing Automobile Corporation, the Chinese auto company, plans to restore production of the iconic MG TF sports car and other models at Longbridge, near Birmingham, to about 50,000 within two years.

The company, which began producing MG cars in its home city last month, also plans to develop a new, “very good sports car that would fit in with the brand” by 2009, according to its top executive in the UK.