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Model T Kerosene Driving Light, Cowl Light on 2040-parts.com

US $50.00
Location:

Spokane, Washington, United States

Spokane, Washington, United States

Saab unable to pay wages as financing crisis deepens

Fri, 24 Jun 2011

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.

Chevrolet Trax (2013) first official picture

Mon, 14 May 2012

Chevrolet will show this new baby SUV called the Trax at the 2012 Paris motor show, before UK sales start in spring 2013. If that name sounds familiar, it's because Chevrolet showed a concept car called Trax at the New York auto show in 2007. That's the show car depicted in our second image (only one pic of the actual 2012 Trax has been released today).

Subaru's new supermini

Fri, 05 Jan 2007

By Tim Pollard Motor Industry 05 January 2007 02:52 Subaru is preparing a rebadged Daihatsu Sirion to slot beneath the Impreza in its range - and the new 'mini could be on sale as early as the end of this year. Toyota, Daihatsu's parent company, bought a 9% shareholding in Subaru's parent company in 2005. So the Daihatsu Sirion 1.0 is an obvious donor car; its £7500 starting price and 57mpg stretch the Subaru range down to a whole new budget marketplace.