MG Rover Group was the last domestically owned mass-production car manufacturer in the British motor industry.
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MG Rover Group was the last domestically owned mass-production car manufacturer in the British motor industry.
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MG Rover was formed when BMW sold the car-making and engine manufacturing assets of the original Rover Group to the Phoenix Consortium in 2000.
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MG Rover went into administration in 2005 and its key assets were purchased by Nanjing Automobile Group, with Nanjing restarting MG sports car and sports saloon production in 2007.
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Rover brand, which had been retained by BMW and licensed to MG Rover, was sold to Ford, which had bought Land Rover from BMW in 2000.
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The rights to the dormant MG Rover brand were sold by Ford, along with the Jaguar Cars and Land MG Rover businesses, to Tata Motors in 2008.
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MG Rover was formed from the parts of the former Rover Group volume car production business which BMW sold off in 2000 due to constant losses and a declining market share.
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MG Rover took control of the volume component of the former Rover Group, which by now consisted solely of the Longbridge plant in Birmingham.
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When BMW sold off its interests, MG Rover was bought for a nominal £10 in May 2000 by a specially assembled group of businessmen known as the Phoenix Consortium.
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Range further expanded in 2003 with the launch of the smallest model, the Indian-built CityMG Rover, built as part of a venture with Tata, and a flagship model, the MG XPower SV, based on the Qvale Mangusta.
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MG Rover sponsored Aston Villa Football Club from 2002 to 2004, with Villa's home kit advertising Rovers and the away kit advertising MGs.
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