32-15894 24 Quicksilver 16.5" Tubing For Mercruiser Alpha Bravo 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.

Milano Design Week 2004

In its 43rd year the Salone Internazionale del Mobile (international furniture fair) finally takes on a new, more encompassing name: Milano Design Week 04. The reason for this change in quite simply a question of numbers; the week long fair is no longer only a platform for furniture manufacturers to show their latest collections, it is an enormous manifestation of all that is designed from everywhere in the world. Therefore, and understandably, an event that hosts the Salone Internazionale del Mobile (home ware and furniture), Eurocucina (bathrooms), EIMU (office furniture), Tessile (fabrics), Salone Satellite (young designers), Dining Design, Designing Designers, Material ConneXion, and Street Dining Design deserved a more noble title.

Dacia Duster launched

Dacia has launched the Duster in to the European market Dacia is Renault’s Romanian brand and produces its own cars mostly based on Renault underpinnings. It currently offers none of its cars in the UK, but that could change with the Duster, although the initial roll-out doesn’t include RHD versions. The budget conscious Dacia Duster is Renault’s budget arm’s take on a budget, compact SUV.