Borg Warner 26 Element Input Sprag 700r4 Late 1982-86 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.

Saab back online as NEVS rebuilds the Saab Brand

The Saab website has now come back online with NEVS (National Electric Vehicle Sweden) outlining its plans to rebuild the Saab Brand. Back in September the long-running Saab Saga was finally concluded, with the sale of what’s left of Saab after Victor Muller’s  little adventure saw Saab left as nothing more than another defunct icon brand from the annuls of motoring history, with NEVS taking control of Saab. The plan is to build a range of electric cars in Trollhattan and China, initially based on the Saab 9-3 platform but eventually developing the Phoenix platform in to the basis for Saab’s future.

2011 Mazda2 Facelift revealed

The Mazda2 gets tweaked for 2011 Well, it’s sort of the 2011 facelift for the Mazda2, but that rather depends on what direction you come at this from. If you look at the UK and Euro offerings for the last year this is definitely a new nose and interior tweaks for the Mazda 2, but if you read our report in October 2009 about Mazda 2s coming off the production line in Thailand you’ll see that our ‘New, Facelift Mazda 2′ looks exactly the same as the Mazda 2 Facelift the Thai car got almost two years ago. But we have to be sensible and look at this from a domestic point of view – even if we do find it off that Mazda has taken two years to give the UK and Europe the updates coming out of Thailand two years ago.