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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.

Porsche And Jaguar Rise To Digital Prominence

THE LATEST automotive search data from leading independent digital marketing agency, Greenlight, reveals Porsche and Jaguar have replaced Toyota and Citroen to become two of the ten most popular car brands that UK consumers have been eyeing up online. Greenlight’s quarterly report identified the most popular search terms and phrases consumers used when they searched on Google UK for cars in November, and ascertained which car manufacturer and dealer sites were most visible to their searches. According to the firm’s research, over 11 million searches were made by consumers looking for cars online, up almost 5% on the previous quarter.

Mazda CX-7 gets sporty makeover for Europe

By Ben Whitworth Motor Industry 29 September 2006 03:13 Mazda is scrabbling to ready a muscular 170bhp turbodiesel engine for its new CX-7 crossover, which arrives in Europe next summer. Although the five-seat 4x4 will initially come with a 258bhp version of the Mazda 6 MPS's turbocharged 2.3-litre four, European market demands for diesel power mean Mazda will unleash a new 2.2-litre version of its four-cylinder diesel. This engine will be hooked up to a slick six-speed manual or five-gear automatic transmission.