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MG SV returns, TF founders

By Keith Adams (additional reporting by Russell Gowers) Motor Industry 15 April 2008 10:14 In the latest twist of the MG Rover saga, and three years after the original MG XPower SV supercar went out of production, the controversial coupe has made a surprise re-appearance. However, the likelihood of us ever seeing the reborn TF roadster seems to be receding by the week.Now known as the XPower WR, the Qvale Mangusta-based supercar has been eased back into production by William Riley – a descendant of the creators of the historic car company bearing the same name.His company, known as MG Sports and Racing Europe Limited, produces the supercharged WR, selling it for between £75,000 and £90,000 depending in specification. The rights to the car – and its badge – were bought from MG Rover administrators PricewaterhouseCoopers in 2005.

Akio Toyoda waves family flag, heir makes crisis personal challenge

The reclusive Akio Toyoda is taking the rare step of waving the family flag, as the scion to Toyota Motor Corp.’s founding dynasty tries to steer the world’s largest car company out of a spiraling safety crisis. In testimony prepared for the House Oversight and Government Reform Committee, President Toyoda pursues a rare personal tack on the emergency, saying “my name is on every car.” “As you well know, I am the grandson of the founder, and all the Toyota vehicles bear my name,” Toyoda says in prepared comments circulated ahead of Wednesday’s committee hearing in Washington. “For me, when the cars are damaged, it is as though I am as well.” The intimate reflection is a departure for Toyoda, who has spent most of his career sidestepping public discussion of his lineage.

Petrol price relief for drivers

PETROL PRICE pressure on the purse strings of drivers has eased, according to figures from the AA. They showed that average petrol pump prices in the UK have fallen back to 130.0p a litre having risen to 131.7p a litre at the beginning of July. Motorists are now doing far better than they were a year ago when petrol averaged 137.5p a litre, rising to 138.38p a litre in mid-October 2013.