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Koenigsegg: Men in a shed in Sweden – the video

DRIVEN has had access to Christian von Koenigsegg and the Koenigsegg factory in Sweden for this 30 minute long look at all things Koenigsegg. We tend to refer to Koenigsegg as men in a shed in Sweden, which might sound disparaging – but it isn’t. It’s a big doff of the cap to an operation which, by any normal standards in the car world, is so small it couldn’t possibly do anything really innovative and ground breaking.

Toyota Matrix likely to be dropped

Toyota will roll out Tundra and Corolla redesigns next year and will revise the RAV4, Avalon and Highlander, but there are some things the division probably won't do. For example, there is a strong possibility that the Corolla-based Matrix hatchback will not be renewed for the United States when the Corolla redesign comes next fall. "If we don't have the Matrix, it won't be the end of the world," said Toyota Division boss Bill Fay at the press introduction of the RAV4 in Phoenix.

Ex-Ford engineer charged with stealing trade secrets

A former Ford Motor Co. engineer has been charged with stealing trade secrets from the automaker after accepting a job in China in 2006. Xiang Dong Yu, 47, was arrested Wednesday at O'Hare International Airport in Chicago after traveling to the United States from China.