Vintage Wempe Chronometerwerke Marine Clock on 2040-parts.com
Gujarat, India
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Major restrictions suggested for learner drivers
Fri, 11 Oct 2013A NEW report on potential changes to young driver training could cut accident casualties by more than 4,000 a year. The report, from transport research group TRL, recommends teenagers should not be allowed to take their driving test until they are 18, rather than the current threshold of 17. They would have to have a 12-month "learner stage" beginning at 17 with a requirement for at least 100 hours of day-time and 20 hours of night-time supervised practice.
One Lap of the Web: 2014 Corvette Stingray walk-around, RM Auctions and a 1964 Volvo PV544
Wed, 31 Jul 2013We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- We recently drove the ’14 Corvette Stingray and were extremely impressed with its agility.
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.