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'Phoenix Four' MG Rover directors to be banned
Fri, 11 Sep 2009The 'Phoenix Four': John Towers, Nick Stephenson, Peter Beale and John Edwards. All roundly criticised in today's government report By Tim Pollard Motor Industry 11 September 2009 09:14 The UK Government today said it plans to disqualify the executives who ran MG Rover in the run-up to its collapse in 2005. A report out today from the Department for Business, Innovations and Skills slams the 'Phoenix Four's involvement in the business and is highly critical of the way they withdrew £42 million in salaries and pensions despite the company's parlous financial position.
Lotus Europa bites the dust
Sat, 29 May 2010The Lotus Europa is no more. It is an ex Lotus. Lotus had a Europa in the 1960s.
2013 Honda CR-Z hybrid gets power boost
Mon, 19 Nov 2012The slow-selling Honda CR-Z hybrid hatchback gets a new lithium-ion battery pack and more-powerful electric for the 2013 model year. The change from a nickel metal hydride battery pack helps boost output from the hybrid powertrain's electric motor from 10 kilowatts to 15 kilowatts. The powertrain's combined output is now rated at 130 hp at 6,000 rpm, up 8 hp from the 2012 model.
