Voltage Regulator Standard Vr-111 on 2040-parts.com
Azusa, California, United States
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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.
High-performance electric cars set for public debut at Goodwood
Thu, 30 Jun 2011The EEMS Accelerate project based in Britain aims to show that driving an electric car doesn't have to be a bland experience. It's taking the effort public starting at the Goodwood Festival of Speed. Four British-made, high-performance electric cars will be displayed at the FoS-TECH Exhibition at Goodwood this weekend.
Lewis Hamilton to Mercedes, Sergio Perez to McLaren
Fri, 28 Sep 2012Lewis Hamilton is leaving McLaren to drive for Mercedes – ousting Michael Schumacher – and Sergio Perez joins McLaren. It’s seemed likely for some time that Lewis Hamilton would leave McLaren for Mercedes, and this morning McLaren has confirmed that’s exactly what’s happening. The move to Mercedes for Hamilton takes him away from the team that has nurtured his talent from childhood and given him a life he could never have dreamed of.