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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.
Mercedes to build C-class in Alabama
Wed, 02 Dec 2009Mercedes-Benz will add production of C-class sedans to its plant near Tuscaloosa, Ala., starting in 2014. Daimler AG Chairman Dieter Zetsche, who participated in the creation of the Alabama plant project as a fast-rising executive in 1993, said in a statement released Wednesday from Stuttgart that the U.S. operation will take over about one-fifth of the model’s global production.
New Ford Fiesta ECOnetic starts production
Mon, 26 Mar 2012New Ford Fiesta ECOnetic The latest versions of the Ford Fiesta ECOnetic have gone in to production, offering 86mpg and 87g/km CO2. When we reviewed Ford’s first Fiesta ECOnetic we were impressed that, at least if you were prepared to drive wi8th a very light foot, you could get 70mpg out of a comfortable and fun Fiesta. But we did say that ECOnetic should be an engine choice and not a model choice.