Magnaflow Exhaust Systems - 15763 on 2040-parts.com

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.

A Very Merry Red Bull Christmas

Red Bull’s 2010 Christmas Card Over the last couple of years we’ve featured Bernie Ecclestone’s Christmas Cards as our Christmas Day greeting to readers, as they’ve been by far the most amusing to come our way. In 2008 we saw Bernie’s Christmas card feature a mickey-take of Max Mosley and his extra cirruclar activities amongst the more ‘forceful’ working girls in London town. We followed that up in 2009 with Bernie’s Christmas card once again, this time featuring a mickey-take of his sometime business partner Flavio Briatore as a pirate.

Volkswagen to launch budget brand, priced from £4800

Volkswagen is planning to launch a new budget brand to challenge the likes of Dacia – and the bargain basement minis will be sold in Europe too. Prices for the yet-nameless new cheap VWs will start from just €6000, or £4800, according to paperwork seen by CAR. How can VW build city cars so cheaply?