Md:Toufick A... 2453 assets

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MG underwent many changes in ownership starting with Morris merging with Austin in The British Motor Corporation Limited in 1952. MG became the MG Division of BMC in 1967 and so a component of the 1968 merger that created British Leyland Motor Corporation. By the start of 2000 MG was part of the MG Rover Group which entered receivership in 2005 and the assets and the MG brand were purchased by Nanjing Automobile Group (which merged into SAIC in 2008) for GB£53 million.