The accountancy firm Deloitte has been fined a record £14million for persistent failings in its dealings with collapsed car manufacturer MG Rover.
The firm collapsed in 2005 with debts of £1.4billion. More than six thousand people lost their jobs. It had been bought by directors known as the Phoenix Four for a £10 five years earlier.
Now the financial industry watchdog has fined Deloitte and severely reprimanded the firm after ruling it did not spot conflicts of interest in its advice to MG Rover and directors who bought the company.
Former MG Rover worker Andrew Cartwright hopes there's some chance the money from the fine could go to some of the people who lost their jobs when the carmaker collapsed.
The wait is over for motoring enthusiasts who have been counting down the days (and months, and years) for the new MG supermini, following the phoenix-like rise of the company from the ashes of MG Rover.
Dubbed the MG3, the car is well placed to rival the market leading Ford Fiesta with a revvy 1.5 litre engine and a low price tag.
The parts for the car are built in Lanjing, China and assembled and tested at the old MG Rover plant at Longbridge, Birmingham. The site now employs around 40 people on the production line and over 300 in the design hub.
A big gathering of classic Rover cars is taking place today at Coughton Court near Alcester in Warwickshire. The event will celebrate 60 years of the Rover Sports Register and 50 years since the launch of the Rover P6 car.
Many of the engineers, who are now in their seventies, who worked on the project when it launched will also be going along to see the cars they first created.
MG unveiled its latest car today and it's a mini one. They can't of course use the word Mini because that's now owned by BMW.
But today the company launched its new smaller car at the Longbridge plant in Birmingham where the Mini was first designed. There is some flash photography in this report from our business correspondent, Mark Gough.