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Cadillac Elmiraj concept (2013)

Cadillac has revealed its Elmiraj grand coupé concept, which showcases its plans for its next-generation flagship sports models. The four-seater concept – which measures in at 5,207mm long, 1,930mm wide and 1,397mm high – was designed at General Motors' advanced design studio in North Hollywood, California, under the direction of Frank Saucedo and is an evolution of last year's Cien concept. Mark Adams, Cadillac design director, says, "Elmiraj advances Cadillac's provocative modern design and performance, contrasted with bespoke craftsmanship and luxury.

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.

Magna gets Vauxhall and Opel

Canadian parts maker Magna takes control of Opel and Vauxhall The German Government is to supply funding of €1.5 billion to help the new Opel/Vauxhall operation to finance the transition. The news hasn’t come a moment too soon, as the US Government had given GM only until Monday to resolve the issue before the likely bankruptcy of GM. The Opel/Vauxhall operation will now be ring-fenced from the insolvency of its former parent in the US and will become ana entity in its own right.