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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 further lifts veil on new midsize sedan

Volkswagen of America Inc. has released new teaser images of the mid-sized sedan slated for assembly in Chattanooga, Tenn. The German design influence is apparent in the three renderings, which show front, side and rear views of the coming sedan, which is larger than the Passat.

Volkswagen debuts Jetta TDI Value Edition

There was already a lot to like about the diesel Volkswagen Jetta TDI CleanDiesel, most of it having to do with fewer fillups, and so for 2014 Volkswagen is debuting a new Jetta TDI Value Edition that slices more than $2,000 off the price of entry. And speaking of the price of entry, it is now $22,115 for Volkswagen's smallest diesel sedan in the U.S. Yes, it seems Volkswagen has finally created a car for automotive journalists as well as members of the biodiesel-brewing crowd who are tired of fixing old Mercedes-Benz W123 station wagons from the 1970s, though we probably have the diesel Chevrolet Cruze to thank for the appearance of this particular model.