Stant Vented Radiator Cap - Oe Type - 11231 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.

Citroen DS3 at Frankfurt

  Citroen will be bringing the new DS3 to Frankfurt The DS3 – a MINI competitor – is the first model in Citroen’s DS range, designed to be an upmarket range of cars based on their more prosaic ‘C’ siblings. We can expect to see the Citroen DS4 in 2011 and the bigger Citroen DS5 in 2012. The DS3 is based on the new Citroen C3 – which will itself only be launched in November – and is slightly larger all round than the MINI.

Bought a hybrid car? You probably won’t buy another.

Only 1 in 3 would buy a hybrid car again. Automotive Researchers Polk reveal that buyers of hybrid cars in the USA are unlikely to buy hybrid again. It’s a persuasive argument: Buy a hybrid car, travel in comfort, average 70mpg and save the planet.