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Former Saab executives arrested in accounting-fraud probe
Tue, 21 May 2013Three 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.
MG TF LE500 production scheduled
Thu, 08 May 2008By Ben Pulman Motor Industry 08 May 2008 13:12 Another twist in the will-they-won't-they MG TF saga. The company has announced that production of the roadster will start again at Longbridge from early August 2008, and cars will be in dealerships by September. The first 500 cars off the Longbridge line will be the limited-edition, high-spec LE500.
Ford and Dow Chemical to experiment with carbon fiber
Fri, 13 Apr 2012Ford is hatching a weight-loss plan for its cars and trucks that should result in a 750-pound-per-car weight reduction before the end of the decade. The company even hired a “personal trainer,” Dow Chemical, to help it get there. So, what's their plan?