Latest MG Rover News

News : MG ROVER Group

The erstwhile symbol of the British car industry, the last British car maker, which is not owned by foreign companies, MG Rover Group, was sold to the China's Nanjing Automobile Corp. The information about the deal was announced by the auditing company PriceWaterhouseCoopers, which conducts the external management of MG Rover's assets.

CHINESE bosses sought to dispel fears Nanjing Automobile could dump Longbridge after snapping up MG Rover's assets for £50 million

Reports suggested it could even seek to team up with Shanghai Automotive Industry Corporation by asking its bidding rival to take a majority stake in MG Rover to take the large parts of MG Rover's remains it did not require.
The Chinese have indicated that between 1,000 and 2,000 people could be employed in the UK with up to 80,000 cars a year being built in the UK in the next five years.
The new owner intends to move a part of MG Rover Group's production capacities to China. Vehicles of the Chinese assembly will be delivered to EU and British markets.

MG Rover bankruptcy
MG Rover was trying to solve its financial problems for almost ten years before the enterprise announced bankruptcy in April of the current year. BMW owned the concern before 2000, although the German car giant failed to extricate the British car maker from the crisis: BMW intended to shut down the production in Great Britain.The social pressure made the German enterprise decline plans to optimize MG Rover's business: BMW sold the industry to the British company Phoenix Venture Holdings for only ten pounds sterling.

A little bit more about MG Rover Group
MG Rover was the last independent mass-production producer of the British motor industry. The company was formed by the de-merger of MG and Rover from BMW in 2000, with Government support being given to the Phoenix Venture Holdings bid over an Apax Partners bid, due to proposed job losses by Apax. The company went into administration in April, 2005, with Phoenix handing over responsibility to PwC (the administrator). After much speculation about possible buyers (with around 100 proposed bidders) a list of three bidders was produced in July, 2005. Shanghai Automotive Industry Corporation (SAIC), Project Kimber (a British group led by David James), and Nanjing Automobile Group.

MG Rover Cars

MG Rover ZR

MG ROVER ZR is a range of performance ‘supermini’ cars, with a dedicated sports personality. The purposeful appearance of the new MG Rover ZR is complemented by a new front design, dominated by a bold new grille, its surround painted to match the body colour and incorporating bright finish mesh, finished with the traditional MG octagon badge.

The MG Rover ZR is a particularly attractive ‘hot hatch’, built in 3- and 5-door body styles and available in a variety of engines and trim levels

MG Rover ZS

MG Rover ZS is available in both 5-door hatchback and 4-door saloon body style, and features the 2.5-litre KV6 engine with manual transmission producing exceptional performance or the highly rated 1.8-litre lightweight K Series engine with the option of selectable Stepspeed CVT.

Two derivatives are available; the MG Rover ZS 120 and the MG Rover ZS 180. Each features a sports character that has been engineered throughout, with a sports tuned suspension, brakes and steering to transform the driving feel.

MG Rover TF

In 1995, sports car enthusiasts were delighted by the launch of the MGF. This marked the return of the MG marque to volume-produced open sports cars for the first time since 1980.