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Posh car 'pushes up house prices'

HAVING a posh car in the driveway can push up property prices, according to a survey. As many as a third of people reckon having a luxury motor outside their home can add to the value of their house, the poll by car rental company Avis found. Around a third of the 2,000 adults surveyed also thought a flash car would help sell a property.

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.

2012 Mercedes S Class to spawn a convertible

The n2012 Mercedes S Class will lose its top It’s probably a sign of increasing decrepitude as it seems only five minutes since Mercedes launched the current S Class, but already we’re talking about the 2012 Mercedes S Class – and it’s only a year away. As has always been the case with a new S-Class we can look forward to a raft of new innovations when the new S Class launches late next year; clever stuff that will eventually filter down to the cars of lesser mortals as the technology matures and the cost falls. And that clever stuff will be packaged up in a big saloon car – the normal S-Class – an even bigger car – the LWB S-Class – and a huge two door coupe – the Mercedes CL, which is expected to be renamed the S-Class Coupe when the new S-Class launches.