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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.
London motor show A-Z report and videos
Thu, 24 Jul 2008By Tim Pollard Motor Shows 24 July 2008 17:30 CAR Online now has a full A-Z multimedia guide to the London motor show 2008. Check out our full reports from every stand at the British International Motor Show, complete with: • A written stand review by CAR journalists • Video of the key cars at the London show • Separate video news stand-by-stand • Reader reports by CAR's citizen journalists Scroll to the foot of each manufacturer report for exclusive CAR video reports – and be sure to click 'Add your comment' to rate our news and our readers' reviews of the British International Motor Show. Do we have some star writers in the making?
Hyundai HED-6 concept car for next Tucson
Mon, 09 Feb 2009Hyundai Tucson By Ben Whitworth First Official Pictures 09 February 2009 14:09 This is a drawing of Hyundai’s concept car that we’ll see at Geneva that will then transform itself by the end of the 2009 into the ix35, the Tucson replacement. Called HED-6, the Hyundai soft-roader is the work of its European design team and the sleek wedgy styling is a world away from the bulbous and anonymous looks of the current Tucson. We should see the final production version at the Frankfurt motorshow in the autumn.