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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.

Spyker B6 Venator Spyder on the way

But much of that will probably depend on real buyers stumping up real money to get on the waiting list for a car we still don’t know a great deal about (in particular what underpins it) but which does look good and manages to encompass Spyker’s traditional styling cues whilst still conspiring to look very current. Now, buried amongst the latest financial report from Spyker – which shows no real turnover or profit, loans in to shares and an injection of cash from Youngman – comes the news that Victor is already getting a bit ahead of himself again with plans to reveal the B6 Venator Spyder later this year. That looks a bit of a ‘run before you can walk’ scenario for Spyker - especially as Victor says production of the C8 Aileron will gather pace this year and the D8 Peking-to-Paris SUV will be a priority – but if Spyker can produce a Venator Spyder that looks as good as the coupe it may be the right way forward.

Who's Where: Martin Uhlarik appointed SAIC UK Design Director

SAIC Motor has announced the appointment of Martin Uhlarik as its new UK Design Director amidst plans to significantly expand its European Design Center at Longbridge, UK. Canadian-born Uhlarik has been appointed by Tony Williams-Kenny, who takes over as Global Design Director at SAIC's Shanghai design base. Uhlarik comes in with experience as Senior Interior Designer for Skoda's Prague studio, Project Design Leader for Nissan Design Europe in London.