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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.

Concept Car of the Week: Volkswagen Microbus (2001)

The turn of the millennium seemed to induce a feeling of nostalgia among car manufacturers and with it a plethora of heritage/retro designs, including the new Mini, new Ford Mustang and Nissan Z. Following the runaway success of its New Beetle, which probably started the trend, VW asked itself whether it could enjoy the same success with a modern interpretation of the legendary T1 Microbus. Designed at the surf-central design studio in Simi Valley, California, the Microbus Concept took ample inspiration from its distant ancestor, but was modernized in every way.

Audi R8 LMS joins Race of Champions garage

Audi's racy R8 LMS coupe will be part of the lineup for this year's Race of Champions event, which runs Nov. 27-28 in Dusseldorf, Germany. The R8 LMS has racked up 60 wins over the past two years.