[2][note 1] The productive businesses were owned by Morris Motors Limited and this corporate structure appears to have been retained until the formation of British Leyland in 1968.

The terms included the constant interchange of information on production methods, research, design, buying and almost every other aspect of their work.

In July 1949 Morris and Austin announced the end of their scheme, no further steps would be taken to pool production resources and no merger of any kind was contemplated.

[4] "Nuffield and Austin broke off arrangements for the exchange of confidential information in 1949 following the revival of long-standing hostilities between their chief executives and the Labour Party's decision not to include the industry in its plans for future nationalisation."

[4] Forty years later the merger was recognised to have been a political decision in the face of American competition and the absence of heirs for either Morris or Austin.

By an agreement between the Nuffield and Austin groups announced in November 1951 a new company was incorporated in February 1952 and named The British Motor Corporation Limited.