According to Wikipedia, the story has it that following the departure of presenter and TV persona, Jeremy Clarkson, Top Gear’s show rating started to flop so in 2001 BBC decided to pull the plug from the show after a whopping 24 years! -Luckily for us this was only temporary.
Then, along came Channel 5 which wanted to buy the Top Gear name from the BBC, which refused, so they created the similarly branded Fifth Gear TV Show in an attempt to take on the banner and audience which had been shed from the BBC after the axing.
Several of Top Gear's ex-presenters, including Quentin Willson, Tiff Needell and Vicki Butler-Henderson were hired by Channel Five to create the new motoring show.
Interesting facts
Via: Wikipedia
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