Standard Motor Products Ks215 Knock Sensor on 2040-parts.com
Temecula, 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.
2012 Lexus IS-F gets chassis changes
Sat, 13 Aug 20112012 Lexus IS-F gets a more comfortable suspension Every family has a black sheep, and the Lexus IS-F is the black sheep for Toyota’s posh brand. Unlike the LFA – which pretends to be nothing other than a supercar – the IS-F does a very good impression of a posh rep-mobile. Until you mash the throttle, that is, and the IS-F unleashes power you’d never expect any mainstream Lexus to offer.
Volvo drops plans to compete in the luxury F-Segment car market
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