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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.

Mercedes SL (2012): aluminium saves 8% weight

Mercedes' new 2012 SL will weigh a solid 140kg less than today's SL roadster - a significant saving of some 8%. This crash diet has been enabled by the adoption of aluminium for the new SL. The learnings from the SLS gullwing are now trickling down to the higher-volume SL, which will be revealed in December 2011.

Vauxhall's 200bhp Corsa leads VXR onslaught

By Angus Fitton Motor Industry 23 August 2006 09:50 Vauxhall is in the final stages of signing off the storming Corsa VXR. The latest VXR runs a turbocharged 1.6-litre developing a thumping 200bhp, spinning the front wheels via a six-speed box. Much of the development work has been carried out at the Nurburgring, which the Corsa has been relentlessly lapping to fine tune the suspension and engine mapping.