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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.

AC Cars returns to UK

By Tim Pollard Motor Industry 23 April 2008 14:28 AC Cars is coming back to Britain to build its sports car range at Brooklands. It follows an unsuccessful foray to manufacture cars in Malta – which has ended in a legal dispute over the island factory. The company will make the original AC Ace, the AC MK11, the AC MK11 FIA and the AC MK111 at an AC specialist based in Surrey, England, employing artisans to make the aluminium chassis.

Ford MyKey system now limits cell phone use for teens

Ford's MyKey system has been able to limit speeds and audio volume to improve teen-driver safety. Now, new technology will allow the system to limit cell phone use as well. Launching on the 2012 Ford Explorer, the new technology means that, when hooked up to Sync, the teen's phone will send calls to voicemail and save texts for later reading, but drivers can still make voice-activated outgoing calls.