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Competition Cams K31-422-8 Magnum Camshaft Kit on 2040-parts.com

US $821.05
Location:

Dothan, Alabama, United States

Dothan, Alabama, United States
Condition:New Brand:COMP Cams Manufacturer Part Number:K31-422-8 UPC:036584462583

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Saab unable to pay wages as financing crisis deepens

Fri, 24 Jun 2011

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.

Concept Car of the Week: Oldsmobile Aerotech (1987)

Fri, 21 Mar 2014

In late 1984, Oldsmobile management had so much confidence in the potential of its new inline four-cylinder engine Quad 4, that a small team was assigned to the creation of the Aerotech, a research vehicle designed to demonstrate the engine's performance by setting a new world speed record. Ed Welburn, then assistant chief designer, was mostly working on the 1988 Cutlass Supreme but his passion for race cars made him the ideal candidate to be handed the assignment by Oldsmobile 2 studio's chief David North. Inspired by Le Mans racers such as the Porsche 917LH and Jim Hall's Chaparrals, he designed a long, flowing car that immediately seduced design director Chuck Jordan and GM management.

Toyota updates the Verso MPV

Thu, 26 Feb 2009

Toyota will show the all new Verso at Geneva '09 The Verso is an all new version of the MPV, offering Toyota’s Easy Flat-7 seating configuration, which basically allows owners to lower all the back five seats individually to accommodate whatever configuration they need for load/passenger requirements. The Verso is stretched over the old Verso, with a longer wheelbase and wider track, offering a more spacious interior. There’s a pretty much all-round increase in power of 20%, but Toyota has managed to pull off a 12% reduction in emissions and fuel use.