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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.

Hyundai offers crate V6s and fours at SEMA

Crate engines are usually high-output, high-displacement, domestic motors from Ford, GM and Chrysler. Hyundai said no mas yesterday at SEMA, introducing its plan to offer the Lambda 3.8-liter V6 and Theta 2.0-liter turbocharged four-cylinder as crate engines for sale. The program begins next month.

Nissan Micra 2010 – Global Compact Car

The Nissan Global Compact Car, a.k.a. 2010 Nissan Micra But Nissan’s plant in Sunderland won’t be throwing the Mackems out of work. Instead, they will be tasked with building the Qashqai Compact – the Nissan Qazana – which has been designed and developed in the UK.