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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.

Report: Gasoline engine has big bang for the fuel-economy buck

A government report says improving the gasoline engine will yield huge gains for the consumer and the environment as automakers consider ways to improve fuel economy over the next 14 years. The Obama administration's technical assessment looked at four technology scenarios by which automakers might attain suggested CAFE goals of 47 to 62 mpg for cars and light trucks by 2025. The scenarios differed by the portion of an automaker's fleet that was accounted for by electrics, hybrid electrics and plug-in hybrid electrics.

Vauxhall Insignia VXR (2009) pricing confirmed

By Richard Webber First Official Pictures 10 July 2009 10:22 Vauxhall’s new Insignia VXR is going to be one of the performance bargains of the year – the 321bhp feisty family car will cost £30,995 when sales start in autumn 2009. It’s aimed at the wired family man who values pace as much as practicality and value, a sort of Audi S4 on the cheap. The numbers say yes.