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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.

MP makes case for double summertime

ROAD SAFETY and tourism benefits are the key issues behind a debate on the end of putting the clocks back during the winter. Sir Greg Knight, MP for East Yorkshire, criticised the "flawed ritual of plunging the UK into darkness by mid-afternoon" and suggested a debate was required on making better use of daylight. The Tory said any examination should look at the benefits which would see the clocks run two hours ahead of Greenwich Mean Time during the summer.

Faralli and Mazzanti Antas V8

Farralli and Mazzanti, an Italian classic car restoration company, has created their first touring car, the Antas V8. Exhibited the other side of the border from Villa d'Este at the Top Marques exhibition in Monaco, the Antas V8 is also the first car created entirely in-house by Farralli and Mazzanti. Powered by a Maserati V8 - with carburettors - the Antas V8 is inspired both philosophically and materially by past 'special series'.