1941-1955 Chevrolet 216,235 Water Outlet 839471 on 2040-parts.com

Goodwood Festival of Speed 2010: Updates & Dougie Lampkin video

Dougie Lampkin takes on the Goodwood Estate It may still be four months away, but the pace of the PR for the Goodwood Festival of Speed has been turned up a notch this week.  We did a piece on the Goodwood Moving Motor Show which will precede the Festival of Speed this last weekend, but it makes sense to bring you up to date with what we currently know will be happening at the FoS. The theme at this year’s Festival of Speed is ‘Viva Veloce!

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.

BMW M5 F10M (2011) track test video

BMW M has released new video footage of the upcoming F10M M5 performance testing at the BMW Miramas test centre in southern France. Is this BMW M5 video worth risking a sneaky peek at the office? If you like the M5 or fast cars in general, yes. Compared to previous entries in the M5 teaser video campaign this one shows the BMW M engineers creating enough wheelspin and oversteer to make us think that they're auditioning to work in the motoring media. The video, at nearly four minutes long, shows M5 prototypes largely stripped of camouflage sheeting being put through their paces on the test circuit, as well as undertaking some low speed incline testing on a 32 degree gradient. What we can see conforms with the M5 Concept shown at the 2011 Shanghai motor show.Apart from the aforementioned tyre abuse, you also get clear shots of the new M5's instrument panel, showing the M-DCT transmission's shift mode selector and adaptive damping display.