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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.

Top 5 hatches of the 2014 Geneva motor show

By Ollie Kew First Official Pictures 05 March 2014 11:00 There’s a wildly diverse crop of new hatches at the 2014 Geneva motor show: a rear-drive city car, a firecracker of a crossover, new concept cars and even a lap time world record holder. Here are CAR’s Top 5 hatches of the 2014 Geneva show – and the customary dishonourable mention… The Mazda Hazumi concept is essentially what the new Mazda2 will look like when it hits showrooms – and it’s set to give the mainstream makes a proper fight. Mazda isn’t just on a styling roll of late – even the Mazda3 and Mazda6 are arguably the most handsome cars in their respective classes – but are building cars that are sensibly priced, affordable-to-run and damn good fun to drive.

Mercedes’ AMG division unveils new twin-turbo V8

Those obsessed with torque bemoaned Mercedes’ high-revving 6.2-litre V8 when it was launched in 2005, but just as the world has come to accept the naturally aspirated engine, the company has now unveiled a new twin-turbo 5.5-litre V8. Up to 563bhp – which is the same as the SLS AMG – and 663lb ft, which is much more than the 479lb ft the modern-day Gullwing supercar manages. The engine is an all-new 5.5-litre V8 (5461cc to be exact) with direct-injection technology, an aluminium crankcase and two turbochargers.