Itm Engine Components 09-00526 Full Set on 2040-parts.com

Pininfarina to close manufacturing operations

Italian design and manufacturing house Pininfarina S.p.A announced it will be cutting back its operations, with the closure of its manufacturing facilities. The decision will see the brand now focusing solely on design and engineering aspects for the automotive industry. The move follows the recent completion of a partnership with Volvo, which saw the production of the C70 convertible at Pininfarina's Sverige AB plant in Uddevalla.

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.

Mazda Tribute recalled for same fix as Ford Escape

Mazda is recalling 217,500 copies of the Tribute SUV--from the 2001 through 2008 model years--to fix a sticking throttle. The same problem prompted Ford to recall the mechanically similar Escape SUV on July 26. Ford built the Tribute for Mazda, as well as the Escape.