MG was a British sports car developed in the early 1920s. It was an open two seater sports car but there were many variations of the automobile made over the years. MG got its name from Morris Garages. The first MG cars were owned by Morris but later sold to British Motor Corporation.
From the earliest days, MG was used on the racing circuit. Even though the car broke several speed records off the track, it did not do well on the track. At the time of the MG, Ferrari, Lamborghini and Lotus were in their heydays and won almost all the races.
MG had always been successful among the young people, because it was a low sporty open car with a sexy look. The MG was produced through the 1930s up to the 1980s but the car company finally ran into massive financial debt. The oil crises of the 70s really hit the car company and it could no longer survive. One has to remember that during the 60s and 70s, car companies never took into account the fact that gas would one day become expensive. Cars like the MG which had large engines consumed a lot of gas and consumer sentiments were beginning to change in the 70s.
In the early 80s, MG was again revised with superior and more efficient engines from the Austin Rover's Group. The MG-F was an instant hit and sold widely in Europe. The company again changed hands from BMR and Rover but could not continue and decreased production in 2005. Over the years there have been many MG models made. The MG ZS, Rover 45 and Rover 75 have been successful in Britain but failed to catch on elsewhere.
Despite all the success on the domestic market, MG really did not fare well in North America. Part of the problem was that MG was always associated with political turmoil, unstable leadership and frequent changes in management.
In 2005, the Chinese car marker Nanjing Automobile started to revive the MG with the production of the MG TF. Part of the MG car manufacture was reestablished in Britain in 2008 with the TF LE 500. In 2008, there were announcements for a Super S 2000 rally car. While testing has been completed yet, there is no worked when the car will enter competition. Unlike many European cars, MG has not turned green and there is no word if the cars will ever go electric or perhaps hybrid.