The new GT concept will have an engine developed around the 2.5-litre KV6 engine, raising power to 200bhp which is predicted to give the GT a 0-60mph time of under six seconds and a top speed of 145mph.
The new GT concept will include 17-inch Gunsmoke alloy wheels and a longer tail-spoiler integrated into the bootlid design, generating reduced lift at speed.
Further details will be introduced in 2005.
No trailer required
MG has also announced details of its Xpower SV-R, designed for the road and the race track.
The new racer will have a 5.0-litre V8, quad camshaft all aluminium 385bhp engine, providing power to new six-spoke 20 inch wheels, that house uprated Brembo disc brakes. Lowered, long arm double wishbone suspension is also included.
Inside, the car has been specified with black leather and Alcantara trim, six-speaker CD player and Becker TrafficPro satellite navigation system.
The XPower SV-R reaches a top speed of 175mph and acceleration to 60mph in 4.9 seconds.