Mercury 833097 Plate, Trim on 2040-parts.com

Jaguar Land Rover U-turn: all three UK plants saved

Jaguar Land Rover today surprised us all by announcing that it wouldn't be closing any of its three UK plants. CEO of Tata Motors Carl-Peter Forster had told CAR as recently as the Paris motor show a few weeks ago that one plant would shut. Instead, today the unions and Jaguar Land Rover hailed a landmark deal to save jobs and all three plants at Castle Bromwich, Solihull and Halewood.

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.

McLaren MP4-12C Sets 7.28:00 at Nurburgring +video

McLaren MP4-12C sets a time at the Nurburgring We’ve had a spate of claims for lap records at the Nurburgring by production cars, and the latest to play the game is the McLaren MP4-12C, with McLaren claiming a time of 7.28:00. The last shenanigans we had with Nurburgring records was with the Dodge Viper SRT10 ACR setting a Nurburgring time of 7:12.13 which, although very quick – and claimed as a Nurburgring record – wasn’t actually a record at all. Although we do have sympathy with our colonial cousins who believe its validity is greater than that of cars like the Radical.