Could you elaborate on the current ownership situation of Austin cars? Are there any specific individuals or companies that have taken over ownership, or has the ownership structure changed significantly over time? Is there any public information available on who the current owners might be, and what their plans are for the Austin brand and its vehicles?
5 answers
Filippo
Mon Oct 07 2024
However, Nanjing Automotive itself faced financial difficulties, leading to its eventual bankruptcy. Amidst this tumultuous period, SAIC Motor, as the parent company, secured the ownership of the Austin trademark.
Eleonora
Mon Oct 07 2024
The Austin marque, once a prominent name in the automotive industry, was utilized by British Leyland and the Rover Group, successors to the British Motor Corporation, until 1987. This historical brand has seen a shift in ownership over time.
SsangyongSpiritedStrengthCourageBravery
Mon Oct 07 2024
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SakuraTide
Mon Oct 07 2024
Presently, the trademark of Austin resides with SAIC Motor, a Chinese automotive giant. This transfer of ownership reflects the globalized nature of the automotive industry and the ever-evolving business landscape.
charlotte_bailey_doctor
Mon Oct 07 2024
The acquisition of the Austin trademark by SAIC Motor occurred through a complex series of transactions. Nanjing Automotive, a subsidiary of SAIC, acquired the trademark alongside MG Rover Group in July 2005.