Ball Joint, Front, Right Side (passenger) Lower 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.

2013 Kia Pro_cee’d revealed

Ahead of a debut at the Paris Motor Show we have the first photos of the 2013 Kia Pro_cee’d, a sporty 3 door take on the new cee’d. Back in March we had what appeared to be the first leaked sketch of the 2013 Kia Pro_cee’d – Kia’s three-door sporty take on the new cee’d – but since then, nothing. But we’ve now got the first photos of the new Pro_cee’d ahead of its reveal at the Paris Motor Show in a week or two, and it looks convincing.

Lutz deflates talk of new Chevy Caprice

Well, that was fast. Just four days after Bob Lutz, General Motors' new marketing honcho, raised the possibility of the Pontiac G8 living on as a new Chevrolet Caprice, he shot it down. "The G8 will not be a Caprice after all," Lutz wrote on GM's Fastlane blog on July 16.