Gm # 22839605 Headrest Dvd System New 2007-2012 Enclave Traverse Acadia Cashmere 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.

Yeti leads Skoda growth spurt

By Tim Pollard Motor Industry 19 September 2008 14:47 Skoda is secretly planning to double its range of cars in three years. Today the Czech manufacturer has a four-strong range: Fabia supermini, Octavia family car, Superb saloon and roomy Roomster. But by 2011 it’ll have a tiny Smart-like city car, a new small four-door, the Yeti junior off-roader and a seven-seater MPV.

Toyota HSD concept

The Yaris HSD, as presented in Geneva, previews Toyota's intentions of bringing Hybrid technology to the B-Segment, as well as Toyota's full hybrid roll out across all models in its range. Retaining the familiar Yaris outwardly appearance (and previewing the next generation Yaris) the HSD is interspersed with ‘Hybrid' cues, to intimate at the hybrid powertrain beneath the body. From the pearl white paint to the light blue hue that illuminates certain aspects, there is an underlying emphasis on the fact that this car is a hybrid.