Red Line 0w20 Motor Oil 1 Qt on 2040-parts.com
La Puente, California, United States
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Oil Change & Lube for Sale
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Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.
Selling Dreams on the Shores of Lake Como
Wed, 18 May 2011Thirty-two meticulous automobiles are set to be sold in one of Europe's most exclusive resort areas on the eve of one of the most selective concours in the world. The total bounty of the auction could top $35 million. Yet one car stands alone in a field of the immaculate and the historic: a 1955 Ferrari 375 MM Berlinetta.
Volkswagen designer gets 2011 lifetime achievement award
Tue, 21 Jun 2011Volkswagen Group designer Walter de'Silva was chosen for this year's Lifetime Design Achievement Award at EyesOn Design, which ran over Father's Day weekend in the Detroit area. About 260 invitation-only vehicles were in attendance at Sunday's car show on the grounds of the Edsel & Eleanor Ford House in Grosse Pointe Shores. They were chosen based on this year's theme of "Designing for the Future." Only car designers who have previously won the Lifetime Design Achievement Award were allowed to vote on a winner for 2011.