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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.

Koenigsegg One:1 (2014) first official pictures

By Ollie Kew First Official Pictures 28 February 2014 14:00 Stand well back. This is the Koengisegg One:1, and it may well need a team of lion-tamers to restrain it from leaping clean off its Geneva motor show stand and picking a fight with the McLaren P1, LaFerrari and Porsche 918. You’re looking at, according to Koenigsegg, the new fastest road car in the world.

Goodwood 2011 FoS and Revival dates announced

Lord March has announced dates for both the 2011 Goodwood Festival of Speed and the Goodwood Revival. The Festival of Speed will take place from 1-3 July, and the Revival will follow on 16-18 September 2011. The theme is 'racing revolutions – quantum leaps that shaped motor sport’, and some of the celebrated breakthroughs will includes 30 years since four-wheel drive started to dominate rallying, 25 years since turbocharged engines ruled in F1, and two decades since Mazda’s rotary-engined 787B took the chequered flag at Le Mans.