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2010 Ford Escape SUV to enhance safety technology

When the 2010 Ford Escape hits showrooms this summer, it will offer an expanded list of safety technologies. Building upon the Escape's full five-star crash rating are Ford's new MyKey teen-safety system and an integrated spotter mirror. MyKey (standard on XLT and Limited models) allows owners to program the key to limit the Escape's top speed and audio volume.

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.

Porsche shows off 911 RSR for World Endurance Championship

Porsche is celebrating the 50th anniversary of the 911 this year with several events including the Retro Classics show in Stuttgart, Germany, an exhibit at the Porsche Museum and honored marque status at the Pebble Beach Concours d'Elegance. Porsche also went racing with the new 911 RSR in the first event of the World Endurance Championship this weekend, and has posted a clip on its YouTube channel. The 991-based Porsche 911 RSR houses a 4.0-liter flat-six making 460 hp with a new six-speed sequential transmission with paddle shifters.