Metra 40-cr30 Antenna Adapter Kit For Select 2002-up Chrysler/dodge/ford/jeep on 2040-parts.com
Louisville, Kentucky, United States
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Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.
Coming soon: A bigger, better autoweek.com
Mon, 04 Nov 2013First, we want to thank all the readers who have helped make autoweek.com what it is today -- we've worked hard to ensure no nugget of cool car news falls through the cracks, and we've been rewarded by a 100 percent increase in visitors over the past two years. That said, we also know there's a lot about our site design that can be improved. Articles don't "pop" the way they should, the home page is far too busy, and our commenting system is…well, let's just say that anything relying on Facebook deserves a healthy dose of skepticism.
Mercedes-Benz future products: Small cars to drive growth
Tue, 11 Oct 2011Mercedes-Benz's U.S. executives expect to add volume with a new range of front-wheel-drive compact cars that arrive starting in 2013 and new derivatives of the redesigned C class due in 2014 or 2015. Around the world, Mercedes will introduce at least 10 new models by 2020 as part of a plan to become the world's top-selling luxury-vehicle brand by then.