This group was privatised in 1988 by the sale of the company to British Aerospace (BAe) for Р В РІР‚в„ўР В РІвЂљВ¬150Р В РІР‚в„ўР вЂ™Р’В million, who retained Day as joint CEO and Chairman, and made Kevin Morley MD of Rover cars. Р В РІР‚СњР В РІР‚С›fter divesting of its commercial vehicle and bus manufacturing divisions ( Leyland Trucks, Leyland Bus and Freight Rover), and the spares and logistics firm Unipart, the company then consisted of the car manufacturing arm Austin Rover Group and the Land Rover Group. The Rover Group plc was formed by renaming BL plc in 1986, soon after the appointment by Margaret Thatcher of Canadian Graham Day to the position of Chairman and Managing Director of BL. Ownership of the original Rover Group marques is currently split between BMW (Germany), SAIC (China), and Tata Motors (India), the latter owning the Rover marque itself with its subsidiary Jaguar Land Rover owning much of the assets of the historic Rover company.Р В РІР‚СњР В РІР‚РЋor the history of the Rover Group prior to 1986, see British Leyland.

The group was further broken up in 2000, when Ford acquired the Land Rover division, with the Rover and MG marques continuing with the much smaller MG Rover Group until 2005. The Rover Group was owned by British Aerospace (BAe) from 1988 to 1994, when BAe sold the remaining car business to the German company BMW. The Rover Group also owned the dormant trademarks from the many companies that had merged into British Leyland and its predecessors such as Triumph, Morris, Wolseley, Riley and Alvis. It initially included the Austin Rover Group car business (comprising the Austin, Rover, Mini and MG marques), Land Rover Group, Freight Rover vans and Leyland Trucks. The Rover Group plc was the British vehicle manufacturing conglomerate known as 'BL plc' until 1986 (formerly British Leyland), which had been a state-owned company since 1975.

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