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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.

Kia GT4 Stinger concept car due for Detroit Motor Show 2014

Kia It's the season for pre-Detroit Motor Show announcements - and today Kia issued this further teaser image of its new low-slung sports car: the 2014 Kia GT4 Stinger concept car. With overtones of the Audi R8 supercar about its visage, the GT4 Stinger is a rear-wheel drive coupe driven by a punchy 315hp turbocharged engine. Kia is a major player in the US, and this GT4 concept car is designed to worm its way into the affections of American enthusiasts.

Last 2013 MINI leaves the production line to make way for the new 2014 MINI

The last 2013 MINI rolls off MINI’s production line It’s only ten days since the all new 2014 MINI was revealed, but already production of the current MINI – launched in 2006 – has ended at MINI’s production plant in Oxford. It’s hard to believe, but the current generation of the MIN I has sold over 1 million around the globe in the seven years since it launched, and the BMW MINI – since its re-birth in 2001 – has shifted a grand total of 1,863,289 MINI hatches and 2.4 million MINIs have been built in Oxford since 2001. When the current, 2nd generation BMW MINI, was launched in 2006, it brought with it new turbocharged engines and suspension tweaks to make sure the then ‘new’ MINI continued to offer all the things that make MINI special, but in a more grow-up way.