Chrysler Oem Dodge Cowl Panel 05067917af Image 5 on 2040-parts.com

'Flip-Top' Shelby Cobra headed for auction block

Bidders who make the trip to RM Auctions' Arizona sale in January will have the chance to buy the "Flip-Top" 1964 Shelby Cobra 427 prototype. The car is noted for its forward-hinged hood and rear-hinged deck. Race driver Ken Miles led the design, build and development of the unique car, which carries serial number CSX 2196.

McLaren X-1

McLaren Special Operations unveiled a one-off supercar this weekend at Pebble Beach called the X-1, designed exclusively for an anonymous enthusiast. Following a consultation with the client a design by McLaren's Korean-born RCA graduate Hong Yeo was chosen. "X-1 embodies the McLaren value that every part has to have a purpose," said Yeo.

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.