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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.
Suzuki S-Cross concept car (2012) teased ahead of Paris show
Fri, 10 Aug 2012Suzuki today showed us the first glimpse of its new S-Cross concept car ahead of its debut at the 2012 Paris motor show. It's a compact crossover in the C-segment, aka a replacement for the Suzuki SX4 in its twilight years. This pair of teaser images show little of the S-Cross, but we can see a stubby five-door crossover in the mould of the Nissan Juke.
Peugeot & Citroen cut Electric Car prices
Mon, 19 Mar 2012Peugeot Citroen EV Price Cut The prices of both the Citroen C-Zero and the Peugeot iOn have been cut by £6,939 and new contract hire deals have been added. We know that sales of electric cars (EV) are woeful, and that nothing more than a handful of private buyers have actually bought in to the dream that is an electric car future. With that in mind it’s no surprise that the enormous list price of the Citroen C-Zero EV and Peugeot iOn EV have been slashed by £6,939, bringing the price down to a still silly £26,216, although, at least for now, you can still get the taxpayer bribe of £5,000 bringing the price you pay down to £21,216.