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New Hyundai i30 Coupe previewed by US 2013 Elantra Coupe

The Hyundai Elantra Coupe will turn in to the Hyundai i30 Coupe in the UK & Europe The reveal of the 2013 3-door Hyundai Elantra Coupe at the Chicago Motor Show signals the new Hyundai i30 Coupe for the UK & Europe. Hyundai has just started marketing for the 2012 i30 with a slick commercial aimed at taking on the might of VW’s Golf and Ford’s Focus – with every chance of serious success. But the five-door i30 Coupe isn’t the end of the new i30 story – just the beginning.

Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

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.