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MG SV returns, TF founders

By Keith Adams (additional reporting by Russell Gowers) Motor Industry 15 April 2008 10:14 In the latest twist of the MG Rover saga, and three years after the original MG XPower SV supercar went out of production, the controversial coupe has made a surprise re-appearance. However, the likelihood of us ever seeing the reborn TF roadster seems to be receding by the week.Now known as the XPower WR, the Qvale Mangusta-based supercar has been eased back into production by William Riley – a descendant of the creators of the historic car company bearing the same name.His company, known as MG Sports and Racing Europe Limited, produces the supercharged WR, selling it for between £75,000 and £90,000 depending in specification. The rights to the car – and its badge – were bought from MG Rover administrators PricewaterhouseCoopers in 2005.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Bentley Continental GT3: Official details (video)

The Bentley Continental GT3 (pictured) is at Goodwood this weekend We actually had the reveal of the Bentley Continental GT3 at the Paris Motor Show last year, but at the time details and specifications were a bit thin on the ground, and Bentley were calling it a ‘Concept’. But now, with the Continental GT3 strutting its stuff at the Goodwood Festival of Speed and ready to play, Bentley has seen fit to tell us how much power the GT3 has, and how much weight it’s shed. Remarkably, the Continental GT3′s weight is a substantial 100kg less than the road-going GT, weighing it at an almost lightweight 1300kg.