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MG Rover – Serious Fraud Office (SFO) to investigate
Sun, 05 Jul 2009The 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.
Honda HR-V small SUV debut at Paris Motor Show
Thu, 11 Sep 2014The Honda HR-V small SUV (pictured) debuts at Paris 2014 If the Honda HR-V name sounds familiar, that’s because Honda has already made an HR-V – a small supermini SUV – which arrived in 1999- but disappeared a few years later before the world fell in love with small, funky SUVs like the Nissan Juke and MINI Countryman. So having been in the small SUV market ahead of the curve – and dropping out again before the market took off – Honda has decided it’s time to bag a share of the seemingly ever-growing small SUV market – a market worth getting on for 100,000 sales a year in the UK – which means only one thing – an all new Honda HR-V. Due to be revealed at the Paris Motor Show next month, Honda are billing the HR-V as a concept, but as far as we can see it’s pretty much production ready, and will arrive in Honda’s UK showrooms in summer 2015.
New high-performance BMW X5 M50d diesel in pictures
Fri, 30 Aug 2013BMW has released pictures and details of the new X5 M50d, a 381hp super-diesel SUV with the world’s most powerful straight-six diesel engine. It will join the new, third-generation X5 range, which is set to go on sale in the UK this November with prices starting at £42,590. The engine carries over from the previous X5 M50d, but the 2013 version is both quicker and more fuel-efficient.