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Mitsubishi readies concept for … Bangkok?

While Lamborghini, Ferrari and McLaren are getting ready for the Geneva motor show, Mitsubishi continues to zig by revealing a concept for the 34th Bangkok International Motor Show. The Concept G4 is a compact sedan powered by a 1.2-liter MIVEC engine with a CVT. Mitsubishi says that the sedan carries the company's next-generation styling, including a diamond motif in the front grille, new headlights and an aggressively styled rear fascia.

Concept Car of the Week: Ford GT90

The second edition of ‘Concept Car of the Week' features what was hailed as "the world's mightiest supercar": the Ford GT90. The GT90 was unveiled at the 1995 Detroit auto show and acted as the poster boy of the 'New Edge' design philosophy, with its large, flat planes, angles and triangular shapes it was a major change in design direction. This car, completed in just six months, was something of a successor to the GT40, using some of its design cues such as doors that cut into the roofline, but underneath many components were borrowed from the other cars such as the Jaguar XJ220.

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.