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Ford Focus RS500 revealed for Europe
Mon, 29 Mar 2010We've been clamoring for the European Ford Focus, and the Blue Oval finally acquiesced. But no matter how hard we beg, the most sinister Focus in the world isn't coming to the United States. But that doesn't stop us from drooling all over the RS500, which broke cover on Monday, packing 345 hp and 339 lb-ft of torque.
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.
Whos Where: Hakan Saracoglu appointed design director of Chery's Shanghai studio
Thu, 20 Dec 2012Hakan Saracoglu has been appointed director of Chery Motor's Shanghai design facility. He will work alongside director of corporate design James Hope who continues in his role overseeing Chery design. Turkish-born Saracoglu joins the Chinese state-owned manufacturer from Porsche where he worked from April 1998.