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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.
New Audi RS6 to get 572bhp V8
Sat, 04 Aug 2012The 2013 Audi RS6 looks set to swap its V10 for the new Audi V8 with the wick turned up to 572bhp – the same as the old V10. Most of the new A6 range has now arrived in showrooms – including the S6 and Avant – but what’s still missing is a new RS6, the Audi that used to have the heart of a Lamborghini. But as we reported in April, the 2013 RS6 is well on the way but it will be losing its Lamborghini V10 with its 5.2 litres and 572bhp and will instead get the Audi/Bentley twin-turbo 4.0 litre V8.
Volvo Concept Coupe (2013) at Frankfurt motor show
Thu, 29 Aug 2013The Swedes have done emotional coupes before – like the C70 and the legendary P1800 – but the Volvo Concept Coupe is the first from its new designer, Thomas Ingenlath. Recruited from VW, Ingenlath says that the concept, which is underpinned by the new SPA platform (which stands for Scalable Platform Architecture) that will be used on the 2014 XC90, is both a nod to the past and a signal of intent for the future. You’ll be able to see it at the Frankfurt motor show in September.