Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series 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.

Jaguar at Le Mans – the Cat returns

Jaguar returns to Le Mans for 2010 (click for bigger image) 2010 marks the 75th anniversary of Jaguar and a close look at the state of Jaguar after so long in the business of making cars sees it in better shape than at any time for the last forty years. The current range of cars – soon to be joined on the road by the new Jaguar XJ – is the best on offer for a generation, and there’s a new feel about Jaguar; confident; forward looking; innovative. Jaguar is quickly become a desirable marque once more, and the future plans for Jaguar seem set to cement that growing feeling.

Drivers say no to more diesel costs

THREE QUARTERS of drivers in the UK say there should be no more additional costs for those driving a diesel car. Under proposals for Ultra Low Emissions Zones (ULEZ), diesel car drivers would be charged more to drive in towns and cities across the UK. With the possibility of ULEZs becoming widespread by 2020, 75.4% of drivers in the UK say they object to this plan and are not prepared to pay more to use their car.