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Interior Motives Design Awards 2010

As the doors closed to the press at the Mondial de L'Automobile in Paris, the world's top designers and automotive journalists gathered at the nearby Palais des Congrès d'Issy to watch a new generation of designers celebrate success at the 2010 Interior Motives Design Awards. Never before has the automotive industry been in greater need of fresh perspectives and innovation, and the students gathered here tonight provided both in spades - perhaps none more so than Kosin Voravattayagon of Sweden's Umeå Institute of Design, who walked away from the event with the Interior Motives Student Designer of the Year 2010 title and prize money totalling $5,000. Themed ‘Driving the Interior Revolution', this year's contest attracted entries from an incredibly diverse range of schools and nationalities - from Israel and Iran, to Slovakia and South America.

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.

Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.