Fox Racing Fxr Cold Cross Snowmobile Jacket Coat Women’s Sz 4 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.

VW Golf Sportsvan concept (2013) at Frankfurt motor show

This is the VW Golf Sportsvan, but don’t get too comfortable with that name, because the successor to the Golf Plus won’t use the Sportsvan badge when it goes on UK sale in mid-2014. Good thing too: what exactly is sporty about a minivan? Is the VW Golf Sportsvan essentially the new Golf Plus?

1931 Marmon Sixteen convertible is the top seller at Hershey auction

A 1931 Marmon Sixteen Convertible Coupe, one of only 400 Marmon Sixteens built, sold for $517,000 at RM Auction's Vintage Motor Cars of Hershey event on Oct. 8. The Marmon Sixteen was the auction's top-selling car.