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2015 Subaru WRX debuts at Los Angeles Auto Show

If you loved the rakish WRX concept that bowed in New York earlier this year, the production 2015 WRX, which debuted today at the Los Angeles Auto Show, may be a slight downer: decidedly less boy-racer than its predecessors, its sculpted fender flares and unique sheetmetal only slightly disguise its Impreza rootstock. But the WRX has always been more about performance than style, anyway, and Subaru says the new car will top its predecessor on that front. The '14 WRX's 2.0-liter turbocharged boxer-four squeezes out 268 hp and 258 lb-ft -- just a little bit more than the outgoing 2.5-liter turbo-equipped car.

Stratospheric price for Volkswagen's 'future car'

IF YOU want tomorrow's car today, you're going to have to pay for it. Volkswagen has announced that the ultra-futuristic XL1 will sell in the UK for more than £98,000. The first XL1 was delivered to a German customer in May, with UK buyers now lined up to take a share of the 200 that are due to be built.

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.