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Vauxhall launches powerful 1.0 petrol engine

OLD-FASHIONED 1.6-litre petrol engines in Vauxhall cars are about to be replaced by a clever new 1.0-litre alternative. The tiny newcomer has only three cylinders, but thanks to a turbocharger it coughs up more power and torque than many normal 1.6-litre equivalents. It’s set to debut in Vauxhall’s funky Adam supermini, although the new engine will be display-only when it emerges at the Geneva Motor Show next month.

GM sets price on Chevrolet Corvette Competition Sport package

Chevrolet has set the sticker price for the Corvette Competition Sport packages it announced last week. Be prepared to spend $55,655 for a Corvette coupe with the 1LT trim level and the Competition Sport package. Adding the package to the Corvette Z06 with the 1LZ trim brings the bottom line to $74,775.

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.