Most people my age remember MG because it's something their parents talked about, not because they've actually had first-hand experience with one of the roadsters that were rather popular up until 1980. The MG name is still kicking around and its Chinese backers want so badly to return to the U.S. Just not necessarily with a sports car.
According to Edmunds, MG has commissioned its designers to start thinking of what a modern sports car would look like if it had some cues from the 2012 Icon SUV concept.
That said, a spiritual successor to the MGB is neither imminent nor a foregone conclusion. And a reappearance on U.S. shores is also a "long-term goal" still.
I don't want to sound like a 70-year-old man, but the current lineup of Chinese-designed hatchbacks they're currently selling (without much success, I might add) in the UK makes Mitsubishi's selection of vehicles look pretty fresh. Americans don't know MG for small practical cars, they think sports cars.
So MG, don't think about the U.S. unless you've got a roadster and MGB GT-successor to bring first.
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