It's way more complicated: Rolls-Royce Motors was split off from the (nationalised, bailed out) Rolls Royce Limited and sold to Vickers plc, who then sold the company to Volkswagen Group following a bidding war with BMW.
However, to this day, the Rolls-Royce trademarks (name and logo) are owned by Rolls-Royce Plc, and had been licensed to Rolls-Royce Motors. The change of ownership meant that those trademarks had to be renegotiated, and it ended up with BMW getting the rights to those. Ultimately, the old Rolls-Royce Motors is what is now VW's Bentley division (Bentley having been the "entry level" marquee!), whereas BMW's modern Rolls-Royce company has no such heritage.
Most, if not all British Car Brands / Manufacturers are not owned by the Brits anymore. May be Aston Martin ( Which was sold to Ford and resold to ProDrive and now gone public ), but that might be changing as they continue to lose money, soon to be owned by Canadian Billionaire Lawrence Stroll.. Not saying that is a bad thing since he actually cares about the brand.
