Bmw Z-4 Rear Window Wind Deflctor (all Z-4 Models) 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.

The Ford Mustang of the future could have been a Mazda

It seems like enthusiasts are always trying to figure out what Mazda's cooking up. Today, we're curious about how the Japanese automaker will bring its sport-roadster experience to a partnership with Alfa Romeo. In the June 30, 1986 edition of Autoweek, it was whether Mazda and Ford were going to create some sort of pony car love child.

One Lap of the Web: Small cars, thrifty cars and AWESOME cars

-- In Mexico, Chevrolet launched a special version of the Spark called the Dot Edition. It has dots on the hood, roof, and bumper. That says it all, really.