1967 Ford Fairlane Hub Caps 14 Inch 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.

Is this the Audi Q4 crossover?

Audi has released three official sketches of a new TT-inspired crossover concept set to make its debut at the Beijing auto show later this month. The high-riding crossover, whose details are being kept secret for now, is rumored to preview the upcoming Audi Q4 – Ingolstadt's answer to the likes of the BMW X4 and Porsche Macan. The new five-door shares design cues with the three-door Allroad Shooting Brake wheeled out at the Detroit auto show back in January, suggesting Audi is well into a series of new sporting crossover-style SUV models that will line up alongside the more practical SUV offerings already on sale today.

Hyundai, Kia retract mileage claims

Hyundai and Kia overstated the estimated fuel economy on more than 900,000 U.S. vehicles sold over the past two years and will compensate owners for the faulty claims, a newspaper reported. In addition, the South Korean partners will lower the fuel-economy estimates on most of their 2012 and 2013 models, the Detroit News said.