MG is a British automotive marque and the M.G. Car Company Limited was the British sports car manufacturer that made the marque famous. The marque has been owned by Chinese automotive giant SAIC Motor Corporation Limited since 2005.
The company had its roots in the Morris Garages (MG) company begun in the 1920s as a sales promotion sideline within William Morris’s Oxford city retail sales and service business by the business’s manager, Cecil Kimber. Best known for its two-seat open sports cars, MG also produced saloons and coupés. The M.G. Car Company was Morris’s personal property until 1 July 1935 when he sold it to his holding company, Morris Motors Limited, restructuring his holdings before issuing (preference) shares in Morris Motors to the public in 1936.
The MG marque underwent many changes in ownership, starting with Morris merging with Austin to create the British Motor Corporation Limited (BMC) in 1952. The M.G. Car Company became the MG Division of BMC in 1967 and so was a component of the 1968 merger that created British Leyland Motor Corporation (BLMC) and the company name stopped being used shortly after that. The MG marque continued to be used by the successors of BLMC: British Leyland, the Rover Group, and by the start of 2000, the MG Rover Group, which entered receivership in 2005. The MG marque along with other assets of MG Rover were purchased by Nanjing Automobile Group (which merged into SAIC in 2008). MG production restarted in 2007 in China. The first all-new MG model in the UK for 16 years, the MG 6, officially launched on 26 June 2011.