Gates 21008 Upper Radiator Hose-molded Coolant Hose on 2040-parts.com

1973 Volvo 1800ES fetches $92,400 in Bonhams auction – a classic Volvo record

The most expensive Volvo P1800 in the world. With Volvo now on a sensible track of producing good-looking, premium Swedish cars, we have wondered if historic Volvos will start to climb in value as modern Volvos become more appealing and more upmarket. And it seems they might be.

One Lap of the Web: Indy 500 memories

-- In 1995, Jacques Villeneuve won the 79th Indy 500 and went on to the CART Championship. Viewers who tuned into ABC and saw the introduction to its Indy 500 broadcast, a five-minute rundown the entire history of American motorsport, were hyped up beyond belief to watch some cool-as-hell racing. Nineteen years later, the video can still get race fans PUMPED UP.

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.