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I don't think you're referring to the MGF. MG has stated that they will produce the X80, which is based on the Qvale Mangusta. This car is not a mid-engined car, it's front-engined and rear-wheel drive. Since this car already starts at 320hp, I would assume a road-going super-MG would start with this platform. And I don't think it'll have a version of any racing engine. Engine's I've heard discussed for new MG products (especially the new top-of-the-line sedan) is the Lotus 3.5L 350hp V8.
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