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MG Rover Group was a British carmaker that existed between 2000 and 2005. It was the last domestically owned mass-production car manufacturer in the British motor industry. The company was formed when BMW sold the car-making and engine manufacturing assets of the original Rover Group to Phoenix Venture Holdings in 2000.
The MG Rover range initially consisted of five cars: the classic Mini, Rover 25, Rover 45, Rover 75 and MG F along with car-derived van derivatives of the 25. The Mini was only built under temporary license during the first five months of MG Rover's existence.
MG is a British automotive marque founded by Cecil Kimber in the 1920s, and M.G. Car Company Limited was the British sports car manufacturer that made the marque famous. Best known for its open two-seater sports cars, MG also produced saloons and coupés, with engines up to three litres in size and 3.5 L in the case of the MGB GT V8.
MG Rover Group was the last domestically owned mass-production car manufacturer in the British motor industry. The company was formed when BMW sold the car-making and engine manufacturing assets of the original Rover Group to Phoenix Venture Holdings in 2000.
May 11, 2023 · SAIC acquired MG from the MG Rover Group in 2006 and transformed it into an electric brand with exports to many markets. Learn how SAIC leveraged MG's history and electrification to boost its sales and reputation.
MG Rover Group was the last British-owned volume car manufacturer, but collapsed in 2005 after being sold to a consortium of local businessmen. The Phoenix Four, as they became known, enriched themselves and their families, while the company faced tax evasion, bribery, mismanagement and corruption allegations.
Jun 9, 2011 · The collapse of MG Rover in 2005 was catastrophic for the fragile economy of the West Midlands. When the Longbridge plant closed in the April of that year, more than 5000 people were made jobless (Holweg and Oliver 2005: 3), leaving a gaping vacuum in the economy of this area.
