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.

Mercedes Ocean Drive concept (2006): first official pictures

By Tim Pollard First Official Pictures 21 December 2006 09:16 Oh my God. What have they done to the S-Class? It's a good question.

Porsche 911 cabriolet: First official photographs

Porsche has developed an innovative fabric and composite-plastic folding roof for the 911 cabriolet as part of a push to give it a cleaner appearance, improved aerodynamic efficiency and greater levels of refinement than its strong-selling predecessor. Pictured here officially for the first time ahead of its world premiere in January at the Detroit auto show, the new open-top 911 is planned to go on sale in North America in 2012 in Carrera cabriolet and Carrera S models. Eschewing the traditional multilayered fabric structure of the 997 series 911 cabriolet, the next model (991 series) adopts a specially developed lightweight roof that uses two fabric-skinned composite plastic panels for the upper and rear part of the structure, giving it a more uniform shape together with a tauter fit that is claimed to make it more resistant than before to buffeting at high speeds.