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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.

Lamborghini concept car: another teaser image

By Tim Pollard First Official Pictures 19 September 2008 14:23 Lamborghini today issued another morsel of teaser info on its forthcoming Paris motor show concept car. Click away from the page now if you're expecting anything juicy – Sant'Agata is still playing its cards close to its chest. The new teaser photo reveals a typically pointy Lambo snout, a carbonfibre-trimmed front chin and an Italian tricolor neatly styled into the side air vent just aft of the ten-spoke front alloy.

Volvo, Geely working on shared architecture

Geely and its Volvo ward are working at developing a new compact car architecture that will be shared by both companies. For Volvo, this means a smaller luxury car, possibly a few. The platform will be modular, as is practically required in this day and age, ready to underpin different body styles or—if need be—an entirely new lineup.