Daihatsu Mira 2002 Muffler Assembly [8822100] 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.

Aston Martin V8 Vantage (2012) the Vantage S-inspired upgrade

This is Aston Martin’s new V8 Vantage, with a new gearbox, styling tweaks and chassis upgrades. You might think it looks little different than before – and that’s no bad thing – but Aston Martin claims the updates amount to ‘most comprehensive programme of enhancements’ since the 4.7-litre version of the V8 Vantage was launched in 2008. The new Aston Martin V8 Vantage will be unveiled at the Geneva motor show in March 2012, just in time to distract potential customers away from the new Porsche 911.  So what’s new about the new Aston Martin V8 Vantage?

Mercedes E63 AMG (2009) first pictures

By Ben Pulman First Official Pictures 31 March 2009 17:54 No, this is not an April Fool’s bad joke – this really is a 6.2-litre V8 super saloon packing 518bhp launched amid the credit crunch. Welcome to the Mercedes E63 AMG. Right, with 518bhp and 465lb ft, enough to match up with the XFR’s 503bhp and 461lb ft.