Je Pistons 261526 Yamaha Yfm Raptor 660, Grizzly, Rhino Pro 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.

New Subaru Legacy revealed – but it’s not coming to the UK

The new Subaru Legacy (pictured) has been revealed in Chicago The new Subaru Legacy was teased last week ahead of its reveal at the Chicago Auto Show, and now it’s been revealed it’s a bit…disappointing. It’s disappointing because it has really lost the flair and swoopy style of the new Legacy Concept we saw at the L.A. Auto Show in November, replacing it with a slightly rakish traditional saloon.

Mazda MX-5 GT Concept (2012) first official pictures

Mazda's Goodwood Festival of Speed stand will be headlined by the MX-5 GT Concept - an uprated road-legal special, producing 205bhp. Showcased by Mazda in order to gauge public reaction to a track day-friendly MX-5, it'll be joined on the stand by the Takeri concept and new CX-5 crossover. What's so special about the Mazda MX-5 GT Concept?