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'Phoenix Four' MG Rover directors to be banned

The 'Phoenix Four': John Towers, Nick Stephenson, Peter Beale and John Edwards. All roundly criticised in today's government report By Tim Pollard Motor Industry 11 September 2009 09:14 The UK Government today said it plans to disqualify the executives who ran MG Rover in the run-up to its collapse in 2005. A report out today from the Department for Business, Innovations and Skills slams the 'Phoenix Four's involvement in the business and is highly critical of the way they withdrew £42 million in salaries and pensions despite the company's parlous financial position.

Renault and Caterham to co-build Alpine sports cars

Renault and Caterham are to join forces and build a new range of sports car models together from early 2013, under the classic Alpine badge, Renault-Nissan CEO Carlos Ghosn confirmed today. At a press conference in Paris, he announced a new Anglo-French partnership which will spawn a new breed of sports cars for both brands. 'This innovative partnership with Caterham embodies a longstanding ambition: the creation of a sports car with the Alpine DNA,' said Ghosn.

Toyota recalls the Lexus GX 460 SUV to upgrade stability software

Toyota on Monday said it is recalling about 9,400 copies of the 2010 Lexus GX 460 to update the stability-control software--just one week after Consumer Reports magazine warned that the vehicle was prone to oversteer in turns and urged its subscribers not to buy the vehicle. It's the latest in a series of gaffes that have damaged Toyota's reputation for high quality and led the automaker to recall millions of vehicles to fix problems such as sticking gas pedals. "Toyota's objective is to provide a high level of safety and quality, while meeting or surpassing governmental regulations," said Steve St.