Jr Dragster Intake 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.

Suzuki loses the American Dream, dies an unloved death on our shores

On Nov. 5, 2012, the American Suzuki Motor Corp.filed for bankruptcy and announced that no more Suzukis will be sold in America—not now, not ever. (Unless someone has the Bricklin-like foresight to import Wagon Rs to our advanced civilization in, say, 50 years.) And with that news, the Stateside automotive journalists filed their respective stories, drove home and sat on the couch to twiddle their thumbs.

Renault Clio facelift for 2009

The facelifted Renault Clio for 2009 - Due to launch at the Geneva Motor Show in March As with most car makers, Renault is going for the ‘Family’ look, and has grafted a new nose on the Clio to make it look like its big brother, the Megane. So it gets a new front end with new headlights, slitty grill and an air intake at the bottom. Big play is being made of the Clio GT (which Renault says will give more people more Va Va Voom!), and these are the pictures we have here.