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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.

Tokyo Auto Salon pits performance autos against hybrids

The world's other big January auto show, the 2010 Tokyo Auto Salon, opened its doors to tuner enthusiasts in mid-month with a record 402 exhibitors. The Auto Salon fuses numerous styles, but the overriding theme this year was hybrid cars, with customized Toyota Priuses and Honda Insights at every turn. Good old-fashioned engine tuning is alive and well in Japan, where even new sports cars are being heavily modified, with cars such as the KRL Mitsubishi Evolution X and the HKS Nissan GT-R both boasting in excess of 600 hp.

New 2015 Vauxhall Corsa revealed

The new 2015 Vauxhall Corsa revealed – debuts at Paris The King of the supermini market in the UK is the Ford Fiesta, but the Vauxhall Corsa isn’t all that far behind and Vauxhall are doubtless hoping the arrival of the new Vauxhall Corsa in early 2015 will help steal customers away from Ford. Vauxhall hasn’t messed too much with the fourth generation Corsa, and although every body panel is new it’s still very much a Corsa. Yes, the nose is more ‘modern’ Vauxhall and there are changes everywhere when you start to look – like the ‘blade running down the lower doors – but nothing that will frighten off the existing 80,000 plus buyers the Corsa goes home with each year.