Balkamp Bk 23004010 - Flat Idler Pulley - Ag 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.

Top Gear East Coast USA Road Trip tonight

Jeremy de-stresses in the SLS in NYC It’s a bit of a Top Gear day today with not just this morning’s news that Top Gear drafted in Tiff Needell to play at being the Stig, but the first in the new series of Top Gear kicks off tonight on BBC2 at 8.00 pm (9.00pm in Europe). And actually, this morning’s Tiff Needell story ties in with tonight’s Top Gear as it’s got Slumdog Millionaire director Danny Boyle as the Star in a Reasonably Priced Car. But that’s not the main piece tonight; that honour goes to the boy’s trip up the East Coast USA.

Pedigreed 1980 Porsche 933 (almost) ready to race for $15,000

Looking for a pedigreed piece of racing machinery on the cheap? One could do worse than this example of a 1980 Porsche 933, listed by our good friends at Bring a Trailer. They claim that this is one of sixteen 924 chassis cars factory-developed in Weissach, Germany, and delivered to Holbert Racing in Pennsylvania.