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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.

Chevrolet Corvette chief engineer Zora Arkus-Duntov honored in Russia

Belgian-born Zora Arkus-Duntov was the first chief engineer for the Chevrolet Corvette. But he is a new discovery to Russians, even though he lived in St. Petersburg through his teenage years.

Audi Snook at the 2008 Michelin Challenge Design

German design student Tilmann Schlootz has been named one of the winners in the 2008 Michelin Challenge Design competition for his Audi Snook project. Selected for special exhibition at the North American International Auto Show in Detroit by a jury of professional designers and educators, the Snook scale model concept answered a design brief entitled: 'Sharing the Road - Big Safety/Small Vehicles', which called for enhanced real and perceived safety for smaller vehicles through design innovation. The visionary concept vehicle, which rides on a mono-sphere wheel, is heralded as a new vehicle category, implementing the principles of agility through instability learned from aerospace technology.