If you want to know more about Minolta and its history with film (and digital) cameras, Petapixel had an awesome article covering the brand a year or two ago.
Minolta, a storied name in photography gear, indeed one of the true leaders in autofocus, innovative cameras in the 1980s, long gone now, but some crappy company has bought the name, and slaps it on the shittiest, crappiest white label $99 cameras coming out of China.
So... sad. I cut my photographic teeth on the Minolta Maxxum system.
I hate, hate HATE when money grabbing, no-ethics companies do this kind of shit.
EDIT: there is one cool thing to come out of Minolta's demise: after they merged with Konica, Sony bought their entire digital SLR division (I think around 2008 or 2010?) and all of Sony's excellent entries into digital photography basically stem from that purchase.
In a way, if you buy a Sony A7R today, you're kinda buying a Minolta camera.