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Rover Overview:
Rover was a British automobile manufacturer and later a marque based at the former Austin Longbridge plant in Birmingham. In recent years, it was part of BMW and the MG Rover Group. However, in April 2005, production stopped when the company became insolvent. In July 2005, the Nanjing Automobile Group acquired the assets, with plans to resume production in China and at Longbridge, in 2007. On September 18, 2006, Ford bought the rights to the Rover name from BMW for approximately £6 million. Ford had acquired an option of first refusal to buy the Rover brand because of its purchase of Land Rover from BMW in 2000.

Other Rover details:
In 2000, Rover was split into three parts: the MINI marque was retained by BMW; Land Rover was sold to Ford for an estimated sum of £1.8 billion; the rest became MG Rover, and was bought for a nominal £10 in May 2000 by a specially assembled group of businesspersons known as the Phoenix Consortium. Ex-Rover Chief Executive John Towers headed the consortium. The four businessmen who took control of the newly formed MG Rover Group. The company continued as the MG Rover Group but production ceased on April 15th 2005, when it was declared insolvent. On 22 July 2005, the assets of the collapsed firm were sold to the Nanjing Automobile Group for £53m.