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Cobra Venom V8 concept

Created by UK-based designer Jamie Martin, the Cobra Venom V8 concept is heralded as the true spiritual successor to the classic AC/Shelby Cobra. It celebrates the great Anglo-American partnership that produced one of the most iconic racing cars of the last century. Built atop a lightweight extruded aluminium chassis, the Cobra Venom V8 features carbon-fiber body panels and an F1-style alloy 'protective cocoon'.

New MINI 5-door Hatch revealed – but will you fit through the back doors?

The 5-door MINI hatch arrives We’ve already had the more BMW-like new MINI arrive, and now, for the first time, we get a MINI 5-door hatch to try and extend the appeal of the MINI range to families. The 5-door MINI gets an extra 72mm in the wheelbase and a pair of doors at the back – which do look very tight for full-size people to use – and there’s also an extra 15mm of headroom, a bigger boot and seating for three in the back. In terms of design, there’s little to choose between the 5-door and the 3-door, but the new 5-door does look a bit like the off-spring of the new MINI and the Countryman; just a little dumpy.

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.