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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.

AMG plans greener, cleaner performance cars

By Ben Whitworth Motor Industry 08 October 2008 08:00 AMG is going green – the maker of unfeasibly fast Mercedes-Benz models is gearing up for hybrid and diesel versions, using advanced low-weight materials to retain their tyre-smoking performance credentials while satisfying the nagging greener conscience. In an exclusive CAR interview, Aufrecht Melcher Großaspach boss Volker Mornhinweg spoke candidly about the company’s future and outlined why a raft of imminent eco measures would enhance AMG’s performance capabilities rather than stifle them. ‘Of course emissions and economy are important to us at AMG – only a fool would ignore these factors today,’ said Mornhinweg (pictured).

Smart Forvision concept

Smart will unveil its new Forvision concept car at the 2011 Frankfurt motor as the manufacturer continues its preview its future design direction. In the last 12 months the company has revealed its Forspeed and eScooter concepts, with the latest addition designed to keep to the original ForTwo's green specifications. The Forvision uses the latest Smart electric drive system, which Daimler claims will add approximately 20 percent to the range of the current electric Smart, with an EV range of around 110 miles. The vehicle's paintwork and glass can reflect heat – on a hot day it can apparently cool the interior by around 20° C. The concept also has a glass roof, with Daimler is in the process of developing transparent solar charging technology.