2007,07,08,09,10 Toyota Avalon Trunk Lid Emblem Nameplate New Oem 75447-ac030 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.

Hummer at the London motor show 2008

By By Gavin Green and CAR reader reporter Sandy T Motor Shows 23 July 2008 00:58 If any stand at London's Excel exhibition centre lays claim to being the least in tune with the zeitgeist, Hummer's must be up there. GM's military spec brand has only sold 128 cars in the UK so far this year, but it's present and correct at the motor show. What’s new on Hummer's London motor show stand?

Smart eScooter

Smart is the latest car manufacturer to present a sub-car commuter vehicle. The eScooter will be shown at the Paris motor show in concept form, but has been confirmed as part of Smart's future urban mobility strategy. Like the Smart ForTwo, the eScooter uses a steel and aluminum frame with interchangeable plastic body finishers.