Vapex Precision 3151 Starter Motor High Quality Best Price* on 2040-parts.com
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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.
Wales considers car smoking ban
Thu, 11 Sep 2014PEOPLE IN WALES caught smoking with children in their cars could be fined £50. Drivers caught with a cigarette in hand at the wheel while youngsters are strapped up in the back could face an on-the-spot fine. The move aims to protect youngsters from harm caused by second hand smoke, a Welsh government spokesman said.
Jaguar XJ gets Sport Pack & Speed Pack options
Thu, 10 Nov 2011Jaguar XJ gets Sport Pack & Speed Pack options With the new Jaguar XJ settling in nicely, Jaguar feel it’s time to give the bold new Jag a bit of a sporting makeover with the addition of a Sport Pack and Speed Pack to the XJ’s options. Already perhaps the most intrinsically sporty luxury car on the road, the XJ already conspires to look more aggressive and sporty than any other offering in the sector. It also, even with the 3.0 litre diesel engine, has performance that matches its looks.