With the image of the Rover brand somewhat tarnished, the Phoenix Consortium is moving quickly after buying the group from BMW to develop a new model range that will carry the MG brand. The consortium's joint CEO Nick Stephenson said that these new derivatives should start appearing within two years and be based on existing Rover sedans. Two of the consortium members - body builders Mayflower and racing car developers Lola - are participating in the project. Mayflower makes body panels for the current MGF sports car. Stephenson revealed at the weekend that Rover will make BMW an offer soon to buy the engine plant at Longbridge and a stamping plant at Swindon. The German company retained these facilities when it sold off the main Rover Cars and Land Rover businesses in the UK. He said that the consortium is still seeking another major OEM as a partner in developing new Rover models.