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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.
Vygor Opera .2 – just as ugly as the first Vygor & €140k
Wed, 09 Nov 2011Vygor Opera .2 - a second take on the new crossover from Italy Last month we reported on the Vygor Opera, a new ‘car’ from Italy which we thought looked like a cross between a 5-Series GT, Subaru and an X6, but after a dose of ugly pills. So when we got an email in to say there’s a second version of the Opera – catchily named the Vygor Opera.2 – we thought Vygor must have bucked up their ideas from the first Opera and employed someone with a proper Italian flair for design. No such luck.
Tom Cruise drives Red Bull F1 at Willow Springs Raceway +video
Sat, 27 Aug 2011TC gets tips from DC In case you hadn’t noticed, F1 is heading back to the U.S. and Red Bull are in the States in the F1 summer break glad-handing the locals. Just this week we had DC driving the Red Bull off-road in Texas, and now the team have decamped to California and found themselves a rookie driver – a certain Mr Tom Cruise.