01 02 03 04 Volvo S40 Strut Rear Exc. Nivomat on 2040-parts.com

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.

GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

First factory-built wheelchair-accessible vehicle hits the market

Before Wednesday, the only wheelchair-accessible vehicles available to the public were aftermarket conversions that generally came with structural modifications and a price tag ranging from $50,000 to $80,000. Now, a startup company called the Vehicle Production Group (VPG) has released the first vehicle specifically assembled to accommodate people in wheelchairs, with an MSRP of $39,950. The vehicle is called the MV-1, which stands for Mobility Vehicle 1, and it was built for the disabled community.