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MG Rover – Serious Fraud Office (SFO) to investigate

The Rover 75 Coupe - one of MG Rover's last big ideas before its collapse in 2005 MG Rover was bought from BMW for the princely sum of £10 after BMW had had enough of trying to make a viable company out of a business that was still undermined by the woes – and attitudes – of the British Leyland years. That £10 purchase price also came with £425 million in loans from BMW, so MG Rover had a chance. But the collapse, and the subsequent sale of the rights to the MG trademark to SAIC (Shanghai Automotive Industry Corporation), brought accusations that the ‘Phoenix Four’ – Directors and owners of MG Rover – has acted fraudulently when it was revealed they had acquired more than £40 million in pension rights, salary and assets in the intervening five years between purchase from BMW and collapse.

Porsche reveals 911 GT3 Cup racer for Frankfurt Auto Show

Last week, Porsche unveiled the new 911 GT3 RS for well-heeled drivers who like to test their mettle on the track during the weekend. Now, we get the full-bore race version of the car, the GT3 Cup, to be shown at the Frankfurt auto show next month. The GT3 Cup car is similar to the GT3 RS.

This is the new Audi S1

Audi has turned its limited-production Audi A1 Quattro into a full series-production model with the three-door S1 and five-door S1 Sportback. Designed to take on the likes of the new Mini Cooper S, the new entry-level Audi S models make their world debut at the Geneva show early next month. Audi says the S1 and S1 Sportback won't be sold in the U.S.