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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.

Legends of the Autobahn at Monterey 2013

To prove that there really is something for everyone in Monterey Historics week, on the same day that Concorso Italiano takes place, and The Quail, there’s a further gathering that focuses on Teutonic machinery – Legends of the Autobahn. Now in its fifth year and run by the BMW Car Club of America, Legends of the Autobahn sees the Mercedes-Benz Club of America, Porsche Club of America and Audi Club North America teaming up to produce a show that’s more intimate than most other parts of the Monterey Historics week – but no less absorbing.

Britain becomes the engine room of Europe

By Nigel Wonnacott Motor Industry 26 June 2008 13:59 Britain makes twice as many engines each year as cars. Latest industry figures reveal more than 3.1 million petrol and diesel engines were produced at domestic plants in 2007, compared to just over 1.5 million cars. Output has soared recently, with more than half a million more engines leaving production lines in the last two years.