Durofix/ac Delco Power Tools Arm601-3 3/8" Digital Torque Wrench on 2040-parts.com

Call to cut school run car journeys

A 10% CUT in school run car journeys would boost Britain's economy by around £46 million a year, a sustainable transport charity has claimed. Sustrans, which is calling on the Government to formally recognise the right of every child to be able to walk or cycle to school safely, estimates that ferrying children to school by car accounts for 24% of peak time traffic. Using Department for Transport modelling to calculate the financial drain on business caused by rush-hour congestion, Sustrans estimated that a 14% reduction in car use for school runs would take 167,000 vehicles off the road with an annual "saving" of £66.2 million.

BMW i8 Spyder leaks ahead of Beijing

BMW i8 Spyder What looks set to be the BMW i8 Spyder, an open top version of BMW’s i8 eco supercar, has leaked ahead of a debut at the Beijing Motor Show. The gestation period for BMW’s i8 eco supercar started with the reveal of the BMW Vision ED Concept back in 2009, with a production concept – and the BMW i8 name – arriving last summer. And now, ahead of a debut at the Beijing Motor Show in April we get the first photos of the BMW i8 Spyder.

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.