Megan Racing Track Series Adjustable Coilovers Suspension Springs Mmx590-ts on 2040-parts.com
Brea, California, United States
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Thu, 17 Sep 2009Audi CEO Rupert Stadler says American consumers will get more clean diesels--but they will pay a premium for them. “I think the problem is that we don't really have an honest discussion,” Stadler said in a press roundtable at the auto show here. “There is a very, very high level of investment, and nobody today knows if the return will come,” he said.
Nissan 370Z (2012) - first details of facelifted Z car
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Saab unable to pay wages as financing crisis deepens
Fri, 24 Jun 2011Saab'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.