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MG Rover – Serious Fraud Office (SFO) to investigate
Sun, 05 Jul 2009The 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.
Strate College degree show 2009
Wed, 01 Jul 2009Graduating students from Strate College in Paris, France displayed their final projects in a degree show held at the school's temporary facility late last month. Founded in 1993, the school has outgrown its rented facility and is in the process of relocating to a new purpose-built facility, which will be completed at the start of the next school year. Of the 60 students studying various disciplines, the design exhibition also included the works of 16 students in the Transportation Mobility program.
Ford Fiesta earns top ranking from Insurance Institute for Highway Safety
Thu, 26 Aug 2010The 2011 Ford Fiesta earned a Top Safety Pick from the Insurance Institute for Highway Safety (IIHS). It is the first minicar to earn the pick since the introduction of a new roof strength test. The award applies to vehicles built after July 2010.