Nos 1979 - 1993 Ford Mustang Power Steering Gear Valve Seal Gasket Kit New E3sz on 2040-parts.com

Saab files for bankruptcy

Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.

MG Rover – Serious Fraud Office (SFO) to investigate

The Rover 75 Coupe - one of MG Rover's last big ideas before its collapse in 2005 MG Rover was bought from BMW for the princely sum of £10 after BMW had had enough of trying to make a viable company out of a business that was still undermined by the woes – and attitudes – of the British Leyland years. That £10 purchase price also came with £425 million in loans from BMW, so MG Rover had a chance. But the collapse, and the subsequent sale of the rights to the MG trademark to SAIC (Shanghai Automotive Industry Corporation), brought accusations that the ‘Phoenix Four’ – Directors and owners of MG Rover – has acted fraudulently when it was revealed they had acquired more than £40 million in pension rights, salary and assets in the intervening five years between purchase from BMW and collapse.

Crashing the Pixar Motorama car show

The animated film studio Pixar sits behind newly aged brick walls on a sprawling campus in the East Bay that looks and seems a little like Willy Wonka's Chocolate Factory, especially since you can't get inside. But we've been inside, and it is a pretty wonderful place. On July 12 Pixar's Jay Ward, guardian of the "Cars" franchise and all the wheeled wonders that entails, organized the latest Pixar Motorama, the greatest car show you'll never see.