MG Rover was a British automotive company formed in 2000 after the collapse of the BMW Group's ownership of the MG and Rover brands. It aimed to produce a range of vehicles, including sports cars and family sedans, while focusing on the heritage and performance associated with the MG name. Despite initial optimism, MG Rover faced financial difficulties and went into administration in 2005. The company's downfall was attributed to poor management decisions and a lack of investment. The brand's legacy continues, with enthusiasts and collectors still valuing MG vehicles for their design and performance.