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VW Law: EU sues Germany over Volkswagen Golden Share
Sat, 26 Nov 2011VW Law attacked by EU We often bemoan the fact that, although we have a car industry in the UK, it’s either owned by businesses outside the UK or an offshoot of a foreign car maker. Unlike Germany, where their car makers are owned by Germans. But that’s partly our fault, at least as far as Europe’s biggest and most successful car maker – Volkswagen – is concerned.
Video: Benchracing the new 2014 Corvette
Mon, 11 Feb 2013The new 2014 Corvette took the Detroit auto show by storm, wowing the press and the public alike. But as the flood of praise subsides, one question remains: Will the C7 Corvette live up to the hype? We won't know for sure until GM hands us a set of keys.
MG Rover – Serious Fraud Office (SFO) to investigate
Sun, 05 Jul 2009The 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.