Auto Meter Fuel Gauge on 2040-parts.com

Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

Petrolhead spiders cause Mazda recall

Mazda has had to recall 42,000 vehicles in the US after it emerged that a species of spider had been weaving webs in fuel vent hoses, increasing the risk of fuel leaks and fires. The yellow sac spider’s curious domestic activities cause a build-up of pressure in the evaporative fuel vent that – in theory at least – could result in a cracked fuel tank and therefore an increased risk of fire. This isn’t the first time that the Mazda 6 has received the unwanted advances of a gas-guzzling arachnid, either – three years ago Mazda had to recall over 50,000 cars for precisely the same reason.

2015 Ford Mustang to serve as halo car in Europe, other overseas markets

Ford Motor Co. expects that its 2015 Mustang coupe will boost its image in Europe, even though the car will not sell in large numbers. "The Mustang's formidable reputation for performance and its iconic status as a symbol of freedom and optimism precedes it even in those parts of the world where the car has never been sold," Ford of Europe CEO Stephen Odell said today in a statement.