Mr Sahlgren alleged that the trio falsified parts of Saab Automobile's accounts between 2010 and 2011.

BBC: Former Saab Automobile chiefs arrested for accounts fraud

However, Spyker failed to reinvigorate the loss-making brand, and Saab Automobile filed for bankruptcy in December 2011.

BBC: Former Saab Automobile chiefs arrested for accounts fraud

Mr Barnevik will also want to use his contacts at General Motors to sort out Saab Automobile.

ECONOMIST: Is it a bird? Is it a manager?

Saab Automobile is not part of Saab Group, which makes fighter jets and other defence and security equipment.

BBC: Former Saab Automobile chiefs arrested for accounts fraud

Three former top executives from carmaker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud.

BBC: Former Saab Automobile chiefs arrested for accounts fraud

According to Tim Colbeck, president and CEO of Saab Automobile Parts N.

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The prosecutor did not identify the three, who worked for Saab Automobile during the period it was owned by Dutch luxury car maker Spyker.

BBC: Former Saab Automobile chiefs arrested for accounts fraud

Saab Automobile's former owner filed suit against GM, claiming the U.S. car giant blocked a proposed bailout of the Swedish auto maker by a Chinese firm.

WSJ: What's News

So it is a curious development to hear today it has been announced that SAAB Automobile and BMW reached an agreement to allow the Swedish group to use engines developed by BMW. The first element of the JV will be for engines to be deployed in the new 9-3 that will appear in late 2012.

FORBES: Auto's P&L problem

On 16th May Swedish Auto announced that they had signed a Memorandum of Understanding with Pang Da Automobile Trade Co. (China), Ltd that would give SAAB access to te required cash flow to restart production in exchange for an equity stake.

FORBES: SAAB - A New Cash Crisis - The End Is Neigh