83 Yamaha Sr 540 G Headlight A24 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.

Kia GT4 Stinger concept headed to Detroit auto show

The Detroit auto show is just a few days away, and Kia has shown us a glimpse of the concept car that it will be unveiling at the show on January 13th. Dubbed the GT4 Stinger, the concept is a low and wide 2+2 sports car, featuring an expansive grille framed by vertical LED headlights. Like the Kia GT concept we saw in Frankfurt in 2011, the GT4 stinger is supposedly rear-wheel drive.

HSV Maloo R8 (2007): first official pictures

By Damion Smy First Official Pictures 15 October 2007 10:45 What the hell is a Maloo? A Ute. And if you’ve never been to Australia then you’ve missed out.