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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.

Alfa Romeo 4C (2013) first official pictures

This is, at long last, the production-ready Alfa Romeo 4C. The mid-engined sports car will make its debut at the 2013 Geneva motor show in March and go on sale shortly afterwards in Europe. The 4C will also spearhead Alfa’s revival in the United States.

Peugeot 3008 UK Pricing

Peugeot has released pricing and model details of the 3008 for the UK Peugeot has high hopes of almost creating a niche with the 3008. They say it’s a cross between an SUV, an MPV and an estate car. To be honest, we can’t decide.