Kuryakyn Mid-frame Cover 8255 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.

Lexus RX 450h Advance added to RX range

The Lexus RX 450h Advance (pictured) added to the RX range Lexus has added a new version of the hybrid RX 450h to their range of offerings in the UK – the Lexus RX 450h Advance – but they’re not exactly pushing the boat out to promote it. The details we got from Lexus tell us that the Advance is based on the RX Luxury, but with the addition of extra kit and just one photo (above). Those extras amount to a new front bumper that’s half regular R and half RX F-Sport for a slightly more butch look, LED headlights and Lexus’s I-AFS auto-adaptive system that makes the lights move according to steering input.

New Ferrari F12 Berlinetta unveiled UPDATED

Ferrari F12 Berlinetta is here It’s the new Ferrari F12 Berlinetta – not the F620 – but it is the replacement for the 599 and heading for a Geneva Debut. After leaks of images and photos of mock-ups what we thought would be called the F620 turns out to be the Ferrari F12 Berlinetta. Despite the name attached to the leaks of the new F12 being wrong, the photos were pretty much right.