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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.

GM won't show new cars in LA

GM has delayed the unveiling of two new cars the company had intended to show the press and public at the forthcoming Los Angeles auto show. The largest US automaker will now show the production versions of the Buick LaCrosse and Cadillac CTS coupe at the Detroit auto show in January instead. "We believe we can better capitalize in Detroit" said spokesman Scott Fosgard.

World Car of the Year 2014 – the contenders

The provisional list of entries for the 2014 World Car of the Year awards has been revealed – this is like the European Car of the Year awards, only judged on a global scale. Each candidate for the main awards must be available for sale on at least two continents. In addition to the main category, the World Car – or WCOTY – awards also includes separate prizes for the World Car Design of the Year, World Green Car and World Luxury Car, the last a change from the World Performance Car of previous years.