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BMW M3 GTS Revealed +video
Wed, 04 Nov 2009The new BMW M3 GTS - launches in May 2010 The idea of the stripped out and very quick M3 has been on the cards for a while. Rumours went round about an M3 CSL or an M3 GT. But now we know.
Watch a reverse car jump record get broken
Tue, 18 Feb 2014Jumping a car from ramp to ramp while driving forward takes a quite a bit of skill, but at least you can see where you're going. But what about jumping a car backwards? We honestly had no idea that a Guinness World Record existed for the Farthest Reverse Ramp Jump by a Car, so imagine our surprise when we learned that professional skateboarder and MTV personality Rod Dyrdek set out to break that record at Six Flags Magic Mountain using a Chevrolet Sonic.
Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.