Airtex 1s3209 Switch, Turn Signal-turn Signal Switch on 2040-parts.com
Fremont, California, US
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Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.
Australian F1 Grand Prix Qualifying: Postponed until Sunday by heavy rain
Sat, 16 Mar 2013Final qualifying for the 2013 Australian Grand Prix in Melbourne has been postponed until Sunday by torrential rain and poor light. The 2013 Australian Grand Prix is the opening event for the new F1 season, but the new season is off to a difficult start after torrential rain in Melbourne has forced the postponement of qualifying until Sunday morning – just before the race itself is due to start. Race Director Charlie Whiting called time on qualifying this morning after just the first knockout round when the heavy rain – and fading light – made it too dangerous to continue the knockout session.
Maserati Gran Cabrio Sport (2011): first pictures
Mon, 21 Feb 2011Another Geneva motor show, another Maserati variant. Maser has released details of the new Grancabrio Sport, a go-faster version of the 2009 Grancabrio drop-top GT. Too right!