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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.

Indian Grand Prix: Vettel on pole in Red Bull front row

Sebastian Vettel has taken pole position for Red Bull for the Indian F1 Grand Prix tomorrow. Team mate Mark Webber is in second place. Red Bull may have had an up and down season this year, but it looks like they’re coming good as the F1 season reaches a climax.

Car Design of the Year winners awarded at Car Design Night Geneva 2013

The winners of the 2012 Car Design of the Year Awards, as voted for by Car Design News readers, were announced at the annual Car Design Night at By Pass nightclub on the evening of the first Geneva motor show press day. Over 350 car designers were in attendance to catch up with their colleagues and meet new peers at the first European show of the year. Car Design News' editor, Owen Ready, presented the winners of the annual Car Design of the Year Awards.