MG Rover was the last British-owned mass-production car manufacturer in the British motor industry.
1994 BMW acquired the Rover Group from British Aerospace (BAe)
BMW sold the Land Rover business to Ford, and split-off the MINI business as a new BMW subsidiary based in Cowley. BMW also retained the rights to the Triumph and Riley marques.
2000 The company was formed of the remainder of the Rover Group but suffered from constant losses and a declining market share; sold to the Phoenix Consortium. MG Rover - the volume car business - was consolidated at the Longbridge plant.
2005 The company continued as the MG Rover Group but production ceased on April 7, 2005, when it was declared insolvent. In July 2005 the entire company was sold to the Nanjing Automobile Group, who indicated that their preliminary plans involved relocating the Power-train engine plant to China while splitting car production into Rover lines in China and resumed MG lines in the West Midlands (though not necessarily at Longbridge), where a UK R&D and technical facility would also be developed.
See Also
Sources of Information
- [1] Wikipedia