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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.

Akio Toyoda: Toyota's top car guy has a lifelong driving passion

As Akio Toyoda climbed the ranks at the automaker his grandfather had founded, many Toyota Motor Corp. managers treated the scion with kid gloves. Not Hiromu Naruse.

Toyota Yaris (2011): first official pictures

Toyota has issued these first pictures of its new Yaris supermini. It's the third-generation Toyota Yaris and seems to mix some of the Vauxhall Corsa creases with the proportions of a Renault Clio. It's a pert, very Euro piece of design, neatly incorporating the latest Toyota motifs - and you can judge for yourself when it goes on sale here in summer 2011.