 Before the administration of Powertrain Limited, the MG Rover Group and its parent company, PVH sold the assets of the K-Series four and six cylinder engine to SAIC for £67 Million when the 25 and 75 platforms and technology were also sold to SAIC.The company was placed into administration on the 8 April 2005.On 22 July 2005 the joint administrators PricewaterhouseCoopers announced the sale of the assets of Powertrain and the MG Rover Group to Nanjing Automobile (Group) Corporation.