2009 Nissan Qashqai Alarm Siren Signal 28487jh12a 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.

Mitsubishi getting a new flagship luxury sedan from Nissan

Mitsubishi Motors Corp. is getting a new flagship luxury model that could--in Japan at least--be a successor to the Diamante sedan that was killed off in 2004. Under an agreement announced Sept.

Pagani Huayra tease 4 – The Dream

Pagani Huayra Tease 4 - the sketch and the poetic pontification Although we confessed to getting more than a little bored with the Pagani Huayra tease, we really have no choice but to see it through to the end as we’ve done the first three – and there is only one more to go before the reveal on 26th January. So far we’ve had moody, close-up imagery of the interior detail and a few shots in the last video of the exterior. Nothing to give the game away too much, although we’re pretty sure we’ve already seen much of what the Huayra has to offer in the spy shots that have floated around in the last year.