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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.

Go racing... on a Segway

FORGET supercars burning rubber around a circuit – a track-day organiser is now offering off-road driving experiences on Segways. Volunteers can take to a specially-designed rally course on one of the self-balancing upright scooters, after being given some basic instruction in how not to fall off. Organisers TrackDays.co.uk said in a press release: “Driving the Segway is easier than it looks.

2013 Honda CR-Z hybrid gets power boost

The slow-selling Honda CR-Z hybrid hatchback gets a new lithium-ion battery pack and more-powerful electric for the 2013 model year. The change from a nickel metal hydride battery pack helps boost output from the hybrid powertrain's electric motor from 10 kilowatts to 15 kilowatts. The powertrain's combined output is now rated at 130 hp at 6,000 rpm, up 8 hp from the 2012 model.