It is a travesty that the initials "MG" are coming to be a convenient epithet for the term "woe." The British sportscar maker has had an exceedingly trying history recently, and things haven't got any better with word that its owner, MG Motor UK Ltd. (which is really Nanjing Automobile Corporation), is reportedly closing the company's Longbridge plant.
Is a British automaker still British if it's foreign owned? This is an increasingly relevant question, as England's biggest car brands have been gobbled up by foreign concerns. Jaguar and Land Rover are owned by India's Tata, Aston Martin by a group of Kuwaiti investors, Bentley is part of the Volkswagen Group, Rolls-Royce under the BMW umbrella, and Lotus is owned by Malaysian state automaker Proton. This leaves the LTI taxi cab company as the largest independent, self-owned British automaker.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models