Mercury Monterey Hood Ornament 1952 on 2040-parts.com

New Lexus RC Coupe for 2013 Tokyo Motor Show

Could this be a late entry into our gallery of the scariest cars to see in your rear-view mirror? It’s called the Lexus RC Coupe, and it’s a brand new sporting three-door model from the Japanese luxury marque, headed for showrooms in 2014. Before then it will debut at the 2013 Tokyo Motor Show on 20 November.

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.

Mazda MX-5 with 270hp launched by BBR

The MX-5 has always lacked one thing: power. But now, British tuner BBR is launching a turbocharged MX-5 that produces 270hp and is capable of reaching 60mph in less than 5 seconds. Based on a 2013 Mazda MX-5 2.0-litre Sport Tech Roadster Coupe, the BBR GT270 will reach 60mph in 4.9 seconds and hit an electronically limited top speed of 150mph.