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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.

Rolls Royce Phantom Facelift: Geneva 2012

2012 Rolls Royce Phantom Series II - the whole range gets a facelift The Rolls Royce Phantom Series II Facelift has been revealed at the Geneva Motor Show across the entire Phantom range. In showrooms June 2012. It would be quite hard to work out what Goodwood has done to the Rolls Royce Phantom to give it a facelift for 2012, despite which it is the most comprehensive raft of changes to RR’s flagship since the Phantom launched almost a decade ago, to create the Rolls Royce Phantom Series II.

Caterham Seven Supersport R (2012) first pictures

It's certainly been a busy week for Caterham. Just a few days ago the company announced its partnership with Renault to create a new range of Alpine sports cars, and now the Surrey-based outfit has gone back its roots to develop an even more hardcore version of the Seven Supersport. Called the Caterham Seven Supersport R, the lightweight special gets an engine capacity increase and power bump over the regular car, but carries over its racing car-derived suspension.