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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.

Fiat 500 Electric 2012 launch

The Fiat 500 Electric Concept was at the Detroit Motor Show this year At the 2010 Detroit Motor Show Fiat brought along an electric concept version of the Fiat 500, together with a Chrysler-badged Lancia as a clear indication that times are changing at Chrysler. And it would appear they’re changing even more quickly than we expected with the announcement that the Fiat 500 EV is going in to production, and will go on sale in the US in 2012. Obviously spurred on by the unexpected success in recent years of that other motoring retro icon the MINI, Fiat are pushing ahead with plans to introduce the regular Fiat 500 in to North America in 2010, although that will be preceded by the 500 Abarth and 500C Abarth, which will be the first versions of the 500 to reach American shores.

Audi A1 S-Line Revealed

The Audi A1 S-Line - the Sporty A1 S-Line package gets revealed Having had a little moan earlier that the Audi A1 overshadowed the debut of the RS5, we have to confess that we are finding the A1 a tempting ‘Only Premium Car in its Class‘, mini-bashing Audi. We’re more than a little impressed with the A1 e-tron but the A1 range as a whole does look like it will offer the best competition yet to the market-dominating MINI. Audi has already said that it intends offering a range as complete and customisable as the MINI, which will start at the bog-standard A1 and run the gamut through the electric A1 e-tron up through to the performance oriented Audi S1 (which Audi has already confirmed).