Volvo Penta Tsk-c-ac-42 Sterndrive Outdrive Transom Assembly on 2040-parts.com
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News watch May 2010: today's auto industry news
Thu, 28 May 2009By Tim Pollard and Ben Pulman Motor Industry 28 May 2009 15:00 Welcome to CAR's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 28 May 2010• Gordon Murray Design has announced specification and performance targetsfor the electric T.27 city car. The company is working with Zytek, and the projected emissions figures are 48g/km on the combined cycle, with the full lifecycle CO2 impact of the T.27 being 42% less than the average UK car.
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.
Aston Martin Shop – at the Nurburgring
Fri, 17 Jul 2009Aston Martin has opened a 2500 sq ft shop at the Nurburgring selling accessories and trinkets And now Aston Martin has decided it’s time to play shopkeeper, so they have opened up a new merchandise store at the Nurburgring. And they’re in good company, as both Nissan and Ferrari have recently done the same. But this is as much about the Nurburgring’s intention of becoming a leisure and business centre as it is about being a sales refuge for beleaguered car makers.