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Saab unions threaten bankruptcy action over unpaid wages
Thu, 23 Jun 2011Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.
Amazing barn-find auction totals £1m
Tue, 15 Apr 2014THE LARGEST collection of ‘barn find’ cars ever assembled in one auction has raised more than £1 million. The auction, which included amazing and rare lots including Aston Martins and Jaguars, was the first of its kind and took place at Silverstone Auctions’ Practical Classics Restoration Show. More than 85% of the cars put up for sale have found new owners.
Sonoma Historic Motorsports Festival is full
Fri, 26 Mar 2010Steve Earle, the granddaddy of vintage racing in America, has picked 375 historic race cars to fill the field at his Sonoma Historic Motorsports Festival, June 5-6 at Infineon Raceway in California's wine country. "The cars are the stars," said Earle. "And when they aren't racing, they are easily accessible in this area for the fans for that up-close and personal experience of inspecting engines, talking with owners or otherwise learning more about the sport and the restoration and maintenance of vintage cars." Earle said the event will continue the tradition of the Monterey Historic Automobile Races, which he founded 37 years ago.