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USED CAR PRICES FIRMER THAN IN SUMMER

USED CAR prices were firmer across most sectors between September and November than the previous 3 months, according to the used car pricing experts, CAP. The CAP Used Car Price Index also reveals an increase in values for 4x4s over the period while convertibles are hitting the doldrums. A reduction in the number of used cars available overall, at the benchmark 3 year old point, is helping to keep prices relatively stable in most cases.

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.

New Mercedes-Benz S-class spotted in SoCal

The new Mercedes-Benz S-class must be hustling toward the developmental-cycle finish line, because it's been spotted en masse in places such as Toronto (where it must be undergoing cold-weather testing) and Irvine, Calif. (where it must be gauging the interest of Benz-crazy vox populi). Because as devoid as it is of bodywork-breaking pillboxes, camera-obfuscating swirl paint, and surly engineers, the fact that it's seen here in little more than some sticky paper and a pair of cheap sunglasses on the driver means that the elder statesman of the automotive world is readying its next debut.