1994 - 1997 Honda Accord 1pc Chrome Upper Replacement Billet Grille Kit 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.

New Ford Focus ST is Europe’s best selling hot hatch.

The new Ford Focus ST has become the best selling hot hatch in Europe in the last three months, outselling the Golf GTi and Renault Megane Sport. But the new Focus ST finally went on sale last summer, and started arriving in Ford’s UK showrooms in the Autumn, as the ST finally hit Europe’s roads. At a starting price of £21,995, a more aggressive look and decent performance – 0-62mph in 6.5 seconds – the new Focus ST is an appealing performance bargain, even if 250 horses through the front wheels is a big ask.

Nissan Qashqai: The millionth Qashqai leaves Sunderland

Nissan Qashqai - One Million produced at Sunderland It seemed somehow a bit of an oddity, the Nissan Qashqai, when Nissan first rolled it out. What was it? A small SUV?