Kyb Sm5301 Front Strut Upper Mounting Kit 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.

Citroen DS3 Cabrio Racing arrives in the UK – just 10 at £29,305

The Citroen DS3 Cabrio Racing arrives in the UK The Citroen DS3 Cabrio Racing arrived at Goodwood last summer as a concept, but after the production run of the DS3 Racing a cabrio version seemed a certainty for production. That production run for the DS3 Cabrio Racing was confirmed by Citroen in December and now it’s going on sale in the UK. With all the extra grunt of the DS3 Racing – 207bhp from its 1.6 litre THP engine, enough for 0-62mph in 6.5 seconds and a top speed of 145mph – and a raft of changes from a regular DS3 including sports exhaust, wider track, revised steering, uprated brakes and switchable ESC, the DS3 Cabrio Racing promises real hot-hatch fun in the sunshine.

Revealed: Mercedes-Benz CL63 AMG

Less than a month after revealing a raft of changes to standard versions of its range-topping coupe, Mercedes-Benz has lifted the veil on a more powerful and significantly more economical CL63 AMG. Set for U.S. sale from November, the up-market performance coupe receives a series of mid-life styling tweaks, including larger headlamps, a restyled grille, more heavily contoured hood and re-profiled bumpers--all aimed at providing the CL63 AMG with added appeal against stiff competition from the likes of the Bentley Continental GT and the newly refreshed Aston Martin DB9.