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Bugatti unveils Veyron Grand Sport (2008)

By Ben Pulman First Official Pictures 17 August 2008 17:29 Bugatti has released more details of its targa-top Veyron Grand Sport following the cars debut at the Pebble Beach Concours d’Elegance. And with the roof off, the Grand Sport is the slowest Veyron ever, capable of just 225mph. But don't fret, because with the targa panel in place the Grand Sport will still do 254mph. The windscreen now sits a little higher and there are daytime running lights and new alloys.

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.

Mazda to build new Toyota car for U.S. market

Mazda Motor Corp. will build a Toyota subcompact car at its new plant in Mexico for sale in the United States. The new Toyota will be a rebadged version of the Mazda2 and go on sale in 2015.