MG Rover Group
In 2000, BMW sold Rover and related MG car activities of the Rover Group to the Phoenix Consortium, who established the MG Rover Group at Longbridge. BMW retained ownership of the Rover marque, allowing MG Rover to use it under licence. In April 2005, Rover-branded cars ceased to be produced when the MG Rover Group became insolvent. The MG Rover Group's assets then got split up between two Chinese automakers – some were bought by SAIC Motor, who obtained technology that was incorporated into a new Chinese line of Roewe branded luxury saloons. Other assets were bought by Nanjing Automobile.