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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.
2015 Ford Mustang GT gets launch control and Track Apps standard
Thu, 27 Mar 2014When the 2015 Ford Mustang GT comes out later this year, it will be able to order a Domino's pizza for you. Technically speaking, you'll have to have ordered from the company before, and have the app on your smartphone. Then you can meet the delivery driver, hopefully tipping well, in your driveway.
Honda recalls 310,773 Pilots for seatbelt issue
Mon, 12 Sep 2011Honda is recalling 310,773 copies of the Pilot SUV to fix a problem that could make the driver's or passenger's seatbelts unreliable in a crash. Honda says a manufacturing error with the belts could mean that stitching on some of the models is incomplete where the lap section is connected to the outer anchor, which could cause the belt components to disconnect in an accident. The recall affects 2009- to 2011-model-year Pilots.