380048a Federal Mogul Axle Oil Seal Truck Trailer on 2040-parts.com

Renault seeks speed record at Bonneville with classic Fourgonnette

With all the speedy machines headed to the Bonneville Salt Flats in August, a classic Renault 4 van is due to stick out. But one will be there Aug. 13-19 for some record breaking fun.

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.

Mini Paceman (2012) first official pictures

This is a controversial one. It's the new Mini Paceman, a coupe version of the Countryman SUV, which itself is an upsized take on the Mini hatch. If that leaves you dazed and confused, angry even, as to why anyone would want to own such a thing, this isn't the car for you.