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Caterham creator Graham Nearn dies

Britain has lost another of the champions of its specialist sports-car industry, Graham Nearn, who died on Oct. 24 at age 76. Originally a Lotus dealer, Nearn built a highly successful sports-car business around the lightweight two-seat Lotus Seven, which he bought from Lotus founder Colin Chapman in 1973.

Audi Q5 Hybrid revealed +video

The Audi Q5 Hybrid gets revealed on the quiet I know, you’re thinking that Audi has decided to get some spoiler photos and powerplant details on the Audi Q5 Hybrid out in the open ahead of the Los Angeles Motor Show to spoil the normal leaks on a new model. But no, it’s a bit more peculiar than that. For some reason – and without fanfare or announcement – Audi has added details of the Q5 Hybrid to its websites.

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.