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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.

Bentley Continental GT Speed specs released

British luxury-car maker Bentley has published complete details of its new flagship vehicle, the Continental GT Speed. The 6.0-liter twin-turbo W12 engine develops 616 hp and 590 lb-ft of torque, which is good enough to propel the three-ton car from 0 to 60 mph in 4 seconds. The car tops out at 205 mph.

Citroen to launch '3CV' plus DS3 cabrio, DS4 SUV, DS6

Citroen is working on a '3CV', a radical new entry-level model positioned between C1 and C3. Imagine the previous C2 pepped up by the glittery polish that's made the DS3 such a success, and you're not far off Citroen's new city car vision. Known inhouse as Citroen Trois Chevaux (3CV), it reportedly captures the spirit of the quirky Ami 6, draws on the space efficiency of the 2CV and mimics the ride comfort of the hydropneumatically sprung GS.