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2011 SEMA show: Day one highlights

-- Lexus revealed the 306-hp GS 350 F Sport, which will go on sale in February. It uses a direct-injection 3.5-liter V6, paired with the same paddle-shifting six-speed automatic transmission used in the IS-F. It has four driving modes, an upgraded suspension and four-wheel steering.

BMW 'looking' at an M1 supercar successor

BMW is actively considering a new range-topping supercar model in the spirit of the M1 and Z8, CAR has learned. Global sales and marketing chief Ian Robertson said the company had other priorities, but that there remained a desire to showcase the brand's sporting aspirations. 'We have never replaced the M1, although we have made ventures in that direction,' he said.

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.