Raybestos Mc390518 New Master Cylinder 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.

Lotus offers supercharger kits for the Elise and the Exige

Lotus enthusiasts looking to wring a little more power out of their rides now have a potent option: a supercharger kit for the Elise and Exige models. The kits boost power in the naturally aspirated versions from about 189 hp to 218 hp and improve torque from 133 lb-ft to 155 lb-ft. Even better, this added power comes on quicker, with peak torque coming on at 5,000 rpm, rather than 6,800 rpm.

Nissan Juke Nismo Concept (2011) first official pictures

Nissan will tomorrow unveil this Nismo-tuned Juke concept car at the 2011 Tokyo motor show, and it signals the start of grand plans for the company’s motorsport arm. Nissan Motorsport (Nismo) will tune mainstream models, and this Juke show car shows how such a strategy could come to fruition. So what is Nissan’s plan for Nismo?