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New Hyundai Genesis heading for the UK?
Sun, 15 Sep 2013Is the Hyundai HCD-14 Genesis (pictured) heading for the UK as the new Hyundai Genesis? The Hyundai HCD-14 Genesis Concept arrived at the Detroit Auto Show in January and, concept fripperies apart, previewed the next generation of the Hyundai that wants to be a Korean Lexus – the Hyundai Genesis. The Hyundai Genesis has been selling like hot cakes in the Land of the Free for some time, but until now it wasn’t a car Hyundai felt had a place in its UK line-up.
Saab parent company to sell Spyker luxury brand to U.S. firm
Thu, 29 Sep 2011Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.
Former Saab executives arrested in accounting-fraud probe
Tue, 21 May 2013Three 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.