MG

MG UK — Wikipedia page

MG Motor is a British automotive manufacturer owned by SAIC Motor, a Chinese state-owned carmaker based in Shanghai.
It uses the British MG marque, founded in Oxford, United Kingdom, in 1924. SAIC Motor gained control of the marque in December 2007 by acquiring Nanjing Automobile Corporation (NAC), which had bought the brand from the defunct MG Rover Group in 2005. Currently, MG operates as a division within SAIC's passenger vehicle branch.

Following MG Rover's collapse, in July 2005, Nanjing Automobile Corporation (NAC) purchased the MG marque, the Longbridge plant, and its production tooling. NAC outbid the larger SAIC Motor, which had also sought to acquire the brand. Although SAIC was able to secure the intellectual property rights for the Rover 75 and Rover 25 models, it was unable to acquire the Rover trademark, which was purchased by Ford from BMW in 2006. SAIC responded by creating the Roewe brand to produce and market the former Rover vehicles in China.

On 26 December 2007, NAC merged into SAIC, becoming its subsidiary.This merger granted SAIC full control of NAC MG and resolved a production bottleneck for its Roewe brand, as NAC owned the rights to Rover engine production and other key technologies.

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