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.

Volkswagen Passat drops United States model when new sedan debuts

Volkswagen probably will drop the Passat sedan and wagon in 2011 when VW's new U.S.-built mid-sized four-door is expected to go on sale. "We are looking at it in detail," Stefan Jacoby, VW Group of America CEO, said this month at a press event here. The U.S.-built sedan, which has yet to be named, will be larger than the Passat but priced lower.

Peugeot Prologue concept (2008): first photos

By Ben Pulman First Official Pictures 16 September 2008 11:14 This is Peugeot’s Prologue, a Paris motor show concept that preview 2009’s 3008 MPV. It’s another dot-dot-dot concept to join the RC, but the Peugeot Prologue is production ready. There’s a big egg-crate grille, boomerang rear lights and a full-length glass roof, but apart from toning down the big bumpers and sills, the Prologue should become the 3008 MPV with few other exterior tweaks.