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.

Rinspeed XchangE concept rethinks the autonomous car's cabin

Rinspeed's XchangE all-electric touring sedan concept has been confirmed for the Geneva motor show, and focuses on how future drivers will spend their time in autonomous cars. Founder Frank M. Rinderknecht says, "So far hardly anyone has taken this to its logical conclusion from the perspective of the driver.

Cyclists 'a pretty special bunch'

WE BRITS think cyclists are more intelligent and charitable than the average person, according to a new report. A study for the British Heart Foundation (BHF) found that sportsmen and women generally were more attractive than celebrities, with most qualities attributed to cyclists. The survey of 600 adults also showed that two thirds admitted to liking lycra.