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2015 BMW 2 Series Convertible Price & Specs – costs from £29,180

The new BMW 2 Series Convertible arrives – and there’s an M235i version too As BMW changes its nomenclature, the BMW 2 Series Convertible arrives as a replacement for the old 1-Series Convertible and becomes the third BMW in the 2-Series range, joining the 2 Series Coupe and the FWD 2-Series Active Tourer. Due to go on sale in February 2015, the new 2-Series Convertible is looking to build on the success of the old 1-Series Convertible with a wide range of specs and powerplants – from the 220i and 220d to the range-topping M235i – and prices starting from £29,180 for the 220i Convertible rising to £37,710 for the M235i Convertible. Four power plants will be available in the 2-Series Convertible, with the 220i getting 184bhp, 228i with 245bhp, 220d with 190bhp and the range-topping M235i Convertible gets 326bhp.

Toyota to unveil low-cost car next month

Toyota said it will unveil a concept of its new car for emerging markets at the New Delhi auto show on Jan. 5. The Japanese automaker plans to sell the low-cost compact car in markets such as India, Russia and Latin America.

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.