Moog K620255 Control Arm/ball Joint Assy on 2040-parts.com
Chino, California, US
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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.
Land Rover Defender 110: The Lego Edition
Sat, 19 May 2012The Lego Land Rover Defender A Lego building genius called Sheepo has built a perfect scale version of a Land Rover Defender 110 out of Lego. And it works. The odd ‘Castle’ or maybe an intricate wall was probably as far as any of us ever got with Lego, but a Lego building master calling himself Sheepo has put together an awe-ispiring scale model of a Land Rover Defender 110 built entirely out of the little plastic bricks (and some Lego extras).
Kia K900 luxo-barge debuts in Los Angeles
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