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Rancho Cordova, California, United States
Condensers & Evaporators for Sale
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Japan's Toyota Prius Cup showcases hybrid car
Mon, 02 Feb 2009With steely stares and clenched hands, the drivers peer from their crash helmets as the race marshal slowly raises the green flag. Then the flag drops. And they're off!
New Kia Soul EV on sale in UK by end of 2014
Fri, 11 Oct 2013The new Kia Soul EV will be on sale in UK by end of 2014 We knew there would be a Kia Soul EV by 2014, but we didn’t know whether Kia UK would offer it in the UK. But they will. Yaser Shabsogh, Kia’s UK Commercial Director, has confirmed that the electric Soul will be offered in the UK, but not until the end of 2014, some months after the arrival of the new Soul in early 2014.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.' While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.