87-93 Ford Mustang 5.0 Alternator Underdrive Pulley 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.

The big prize awaits on the Autoweek America Adventure

It is the last morning of the Autoweek America Adventure, as I write this. Our traveling circus heads toward the big top in an hour or so, and we should be in Las Vegas before noon. There is anticipation in the air, unlike other rallies I've attended, as this one has a significant main prize: a 2011 Mopar Charger will be given to one lucky contestant on the stage at the Specialty Equipment Market Association convention.

Don’t Expect Toyota’s New Cab To Go South Of The River

LOOK familiar? Toyota certainly hopes so. The Japanese firm has unveiled, in concept form, an interpretation of the iconic London black cab.