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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.

Toyota uses cash offers in bid to get rolling

Coming off a sharp sales decline in December, Toyota Division is trying to lure buyers into showrooms with new cash offers for customers and dealers. Even the Prius is getting support, after having been excluded from the brand's lavish incentive program in the last quarter of 2008. Toyota put $750 in dealer cash on the hood of the hybrid car.

Rolls Royce RR4 spotted

Rolls Royce RR4 (Rolls Royce Ghost?) caught testing before its unveiling at Geneva [ad#ad-1] This is a busy time for testers of upcoming cars in chilly climes. We’ve recently seen the next generation Porsche 911 (998) and Boxster out in the snow, and this time it’s the turn of the new ‘Baby’ Rolls Royce, the RR4. The new Rolls Royce (which is codenamed RR4 internally, but could well be the Rolls Royce Ghost) is based on the underpinnings of the latest BMW 7 series.