02-06 Mercedes S500 S55 Amg Sam Signal Module Relay A 031 545 17 32 on 2040-parts.com

Saab unable to pay wages as financing crisis deepens

Saab'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.

Audi A1 E-tron takes the win at the Silvretta Electric Car Rally

Audi and its electrified A1 E-tron took an overall win at the Silvretta Electric Car Rally in Austria on July 9. It was the second year in a row the company won the contest. Last year's event was won by the company's R8 E-tron electric car.

Connecticut garage fire destroys Volt and homemade EV

News reports say two plug-in electric cars--a 2011 Chevrolet Volt and a home-converted Suzuki Samurai--were destroyed in a garage fire in Barkhamsted, Conn., on April 14. The destroyed Volt had just 2,000 miles on the odometer. The owner said he converted the Samurai to electric power a few years ago.