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Singapore Grand Prix (2014) RESULT
Sun, 21 Sep 2014Singapore Grand Prix (2014) RESULT Qualifying for today’s Singapore Grand Prix was a close fought affair, with not much more than half a second separating the top nine, and just seven thousands of a second splitting pole and second. So will Mercedes be able to pull-off another one-two win at Sepang? Actually, no, they couldn’t, but that’s because Nico Rosberg had electrical problems before the start and had to join the race from the pit lane, and ended up retiring as the electrical gremlins proved terminal.
Ford racks up $2.6 billion profit
Fri, 23 Jul 2010Ford Motor Co. reported a second-quarter profit of $2.6 billion as U.S. sales rose 20 percent and the automaker continued to gain market share.
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.