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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.

GM moves Korean design studio to Seoul

General Motors is moving its Korean advanced design studio from Incheon to the trendy Gangnam district of Seoul. The studio, one of 10 design studios worldwide for GM, employs 30 designers. It has prime responsibility for GM's small cars, such as the Chevrolet Aveo, Spark and Cruze.

Citroen DS4, DS3 R3 and Survolt UK debut at Goodwood FoS

Citroen DS3 R3 - in action on Goodwood's Rally Stage We’ve already had a wave of Goodwood Festival of Speed announcements on cars getting their UK debut, from the Jaguar XKR-S to the Mugen Honda CR-Z. And now it’s Citroen’s turn for a few debut announcements. Probably the most significant is the first public viewing in the UK of the next iteration in the DS range – the Citroen DS4, which was actually revealed almost a year ago.