the Qvale Mangusta and uses the Ford 4.6-litre V8 engine with two different power outputs. 2003: MG Rover launches the new CityRover - a small 5-door hatchback city car, based on the Tata Indica, the first product of the collaboration with Tata Motors. The car is built in India. 2003: MG and Rover launches V8 variants of the Rover 75 and the MG ZT. 2003: MG Rover launch a restyled version of the Rover 25, the Rover Streetwise. Referred to as an "urban on-roader", it has SUV-like styling. 2003/04: MG Rover sell the Longbridge factory to St. Modwen Properties on a lease-back basis to raise funds. 2004: MG Rover launches facelifted versions of the Rover 25/45/75 and MG ZR/ZS/ZT with revised front and rear ends, with the intention of replacing these models with all-new replacements from 2006. Rover 25/45/Streetwise and MG ZR/ZS also get revised fascias. 2004: MG Rover enters in talks with Shanghai Automotive Industry Corporation (SAIC) about a possible collaboration, following the collapse of a proposed venture with Malaysian carmaker Proton. 2004: MG Rover sell design rights to the Rover 25 and 75 to SAIC to raise money to help keep the business afloat in the face of falling sales. 2005: Negotiations on possible joint venture with SAIC stall, and MG Rover collapses. Price Waterhouse Coopers called in as administrators. MG Rover car production ends and the Longbridge plant closes with the loss of more than 6,000 jobs. 2005: Nanjing Automobile Group acquires the entire assets of MG Rover. 2005/06: Nanjing Automobile Corporation announces plans to build cars at Longbridge after signing a deal to lease the site for 33 years. 2006: SAIC sets up a new brand called Roewe after losing the right to buy the Rover brand name, and later launches a model based on an extended Rover 75 platform, called the Roewe 750. 2006: Ford buys the rights to the Rover marque, meaning that only the MG badge can be used on the new range of Nanjing-built cars. 2007: Nanjing Automobile Corporation restarts MG TF production in China. 2007: SAIC and Nanjing Automobile Corporation announce a tie-up and on the 26 December NAC becomes a part of SAIC. 2008: Production of the limited edition MG TF LE500 commences at the Longbridge plant. 2009: Production of the standard MG TF 135 commences at Longbridge. 2010: Final assembly of the MG6 from Chinese kits starts at Longbridge