Kimpex - 04-108-32 - Track Sprocket, Center - 9t 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.

Mercedes CLS Shooting Brake leaks ahead of Goodwood Festival of Speed debut

First photo of the production Mercedes CLS Shooting Brake ahead of its debut at this weekend’s Goodwood Festival of Speed. Update: As expected, the Mercedes CLS Shooting Brake has now been officially revealed, together with a raft of photos. The extraordinarily good looking Mercedes CLS Shooting Brake – the CLS Estate – has been running around motore shows as a concept for what seems like years.

Revealed: New Mini Coupe set to become first modern two-seat Mini

This is what enthusiasts have been waiting for. From the cute Mini Coupe concept that debuted almost two years ago at the Frankfurt motor show to Monday, when the sporty two-seat Mini Coupe in the United States has finally been revealed as reality. Mini released the first pictures of its diminutive new car on Monday, which will fittingly and simply be called the Mini Coupe.