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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.

New COPO Camaro concept hits the drag strip

This Friday video goodness features a white 2012 COPO Camaro Stock Eliminator Concept on the drag strip. As Autoweek contributor Patrick Paternie explained during the SEMA show, the new COPO (Central Office Production Order) nameplate pays homage to the rare high-powered 1969 Camaros created through a loophole in the special-order program. This enabled dealers to specify a 427 engine--COPO 9560, the aluminum ZL1, or COPO 9561, the Corvette-based L72 iron block--despite the Camaro technically being limited to the 396-cubic-inch powerplant.

Porsche Panamera V6 (2010 / 2011) revealed +video

The Porsche Panamera V6 will debut in April at the Beijing Motor Show A year on from the launch of the Porsche Panamera in China last year, Porsche has revealed that the Porsche Panamera V6 will join the Panamera lineup and – in yet another sign of the importance of the Chinese market – will be revealed at the Beijing Motor Show in April. The Panamera V6 comes with either rear wheel drive – the Porsche Panamera – or 4WD – the Porsche Panamera 4 – and gets a new 3.6 litre V6 petrol lump producing 300bhp and 295lb/ft of torque. Fitted with Porsche’s PDK ‘box both models get stop/start to trim emissions and improve economy.