The Range Rover is 4 wheel drive with an option of a 4.0-liter pushrod 16-valve V-8 with 188 hp; 4.6-liter pushrod 16-valve V-8 with 222 hp or 240 hp(Callaway model) partnered with a 4-speed automatic transmission.
1998 Rover Rover
Photo Information (Width: 340px, Height: 255px, Size: 17Kb)
|Engine size - Displacement - Engine capacity:||2500 cm3|
|Price (out of date):||$21029|
1998 Rover Rover specs, Engine size 2500cm3, Fuel type Diesel
MG Rover was formed from the parts of the former Rover Group volume car production business which BMW sold off in 2000 due to constant losses and a declining market share. BMW had acquired the Rover Group from British Aerospace in 1994 and had since sold the Land Rover business to Ford, and split-off the MINI business as a new BMW subsidiary based in Cowley. MG Rover took control of the remainder of the former Rover Group volume car business, which was consolidated at the Longbridge plant.
Phoenix Consortium ownership
When BMW sold off its interests, MG Rover was bought for a nominal £10 in May 2000 by a specially-assembled group of businessmen known as the Phoenix Consortium. The consortium was headed by ex-Rover Chief Executive John Towers.
When Phoenix Consortium took over, their first loss for the last eight months of 2000 were reported to be around £400M. By 2004, the company had stemmed the losses to around £80M but never got to the chance to achieve a profit.
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