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Former Saab executives arrested in accounting-fraud probe

Three former Saab executives, including former CEO Jan-Aake Jonsson, were arrested Monday on suspicion of “grave attempts to complicate tax controls” during 2010 and 2011, according to a report from Bloomberg. The Swedish Economic Crime Authority's chief prosecutor, Olof Sahlgren, declined to give the names of the arrested, but Bloomberg confirmed in court documents that Jonsson, former chief financial officer Karl-Gustav Lindstroem and formal general counsel Kristina Geers were detained. “It's about accounting measures to complicate the control operations of the tax authority regarding the calculation of taxes and fees,” Sahlgren told Bloomberg.

VW plotting 'XR1' lightweight supercar

Volkswagen plans to create an ultralight, mid-engined sports car, with the pace of a base Porsche 911 but the fuel economy of a Golf TDI. It's codenamed 'XR1': read on for the full CAR scoop. What's the inspiration for the VW XR1?

Google driverless car will let you speed

Driverless cars are so clever, aren’t they? The potential to whisk us along in total comfort and relaxation while a silicon chip takes care of the driving may sound like bliss to some. However, despite recent news that self-driving cars will be legally allowed on our roads as early as next year, they might not be as clean cut and infallible as you might think.