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MG Rover Group was a British carmaker that existed between 2000 and 2005. ... On 14 July 2005, it was reported that Magma Holdings, ...
The Rover Group Limited; Industry: Automobiles: Predecessor: British Leyland: Founded: 1986; 39 years ago (): Defunct: May 2000; 24 years ago (): Fate: Split, MG and Rover sold to Phoenix Venture Holdings for a nominal £10 to create MG Rover Group, Land Rover sold to Ford for £1.8 billion, Mini retained by BMW.
The following is a list of cars marketed under the British MG marque. The marque was owned, and the cars produced, by Morris Garages (1924–1930), M.G. Car Company (1930–1952), British Motor Corporation (1952–1967), British Motor Holdings (1967–1968), British Leyland (1968–1992), Rover Group (1992–2000), MG Rover Group (2000–2006), Nanjing Automobile Group (2006–2011), and MG ...
By 2003, MG Rover was the ninth best selling carmaker in Britain, whereas the Rover Group (which had still included Land Rover and Mini) had been the third biggest seller just five years earlier. It still had a 3.72% share of the new car market, accounting for more than 95,000 sales.
In 1994, BMW acquired Rover Group, which included MG, but sold off the marque in 2000 due to ongoing financial losses. MG and Rover was then purchased by Phoenix Venture Holdings, a consortium owned by four British businessmen, forming MG Rover Group. The company went into administration in 2005, with debts of over £1.4 billion. [6] [7]
The MG ZR was based on the Rover 25, the MG ZS on the Rover 45, and the MG ZT/ZT-T on the Rover 75. The MG Rover Group purchased Qvale , which had taken over development of the De Tomaso Bigua. This car, renamed the Qvale Mangusta and already approved for sale in the United States, formed the basis of the MG XPower SV , an "extreme" V8-engined ...
From January 2012 to December 2012, if you bought shares in companies when Wayne J. Riley, M.D. joined the board, and sold them when he left, you would have a 39.4 percent return on your investment, compared to a 11.7 percent return from the S&P 500.
Ford acquired Land Rover from BMW in 2000 after the break-up of the former Rover Group. On 18 September 2006, Ford announced the purchase of the rights to use the Rover name. BMW had licensed the Rover name to MG Rover Group from 2000 until 2005, when MG Rover collapsed after a failed merger with SAIC. As part of Ford's initial purchase of Land ...