Toyota Celsior 2004 Audio Amplifier [1861150] on 2040-parts.com

Aston Martin configurator for the Cygnet and the Virage hits the Web

The few times a year that Aston Martin graces AutoWeek with a press car, our joy is short-lived. There's never enough seat time to go around. Luckily, we can all dream together with the new Aston Martin configurator at the company's Web site, www.astonmartin.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.

Britain becomes the engine room of Europe

By Nigel Wonnacott Motor Industry 26 June 2008 13:59 Britain makes twice as many engines each year as cars. Latest industry figures reveal more than 3.1 million petrol and diesel engines were produced at domestic plants in 2007, compared to just over 1.5 million cars. Output has soared recently, with more than half a million more engines leaving production lines in the last two years.