Overhaul Rebuild Kit & Connecting Rods For Kubota V1903 V1903b V1903-b Engine on 2040-parts.com

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.

BMW Roadster Concept: BMW Vision ConnectedDrive Geneva debut

BMW Vision ConnectedDrive We reported the other day that BMW were taking a roadster concept to the Geneva Motor Show, a car we expected to point the way to a new, smaller roadster – the BMW Z2. But it seems to be much more than just that. The BMW Vision ConnectedDrive – for that is the catchy little moniker BMW has attached to this concept – is a showcase for BMW technology and the layered styling language we’ve already seen in the Vision EfficientDynamics concept (can’t we have some snappy little monikers instead of Anglicising the German practice of just joining words together in a line to make a new word?).

Happy birthday, Alfa: Party planned for June and you're invited

After launching a new Giulietta to celebrate its 100th anniversary, Alfa Romeo will continue the party June 26-27 with a huge rally for owners of its vehicles. The global gathering will be held in Alfa's hometown, Milan, Italy. More than 3,000 participants are expected to show up, and the festivities will include a rally through downtown Milan (filmed by helicopter), concerts and the presentation of a sculpture.