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Nissan creates Spec Z series with National Auto Sport AssociationFri, 03 Feb 2012Nissan is partnering with the National Auto Sport Association to create a new spec road-racing series for the 2003-08 Nissan 350Z. The company says the series will focus on close competition, parity and cost containment. NASA Spec Z will offer a contingency prize program, while Nissan Motorsports will provide technical support. Vauxhall Mokka Tech Line targets company car driversMon, 11 Jun 2012Vauxhall is adding a fourth trim level to the Mokka compact SUV with the Tech Line trim aimed at company car drivers for low P11D and BIK. There was a time when company cars were a great perk and taxed sensibly. But that has now loing gone – to the detriment of the car industry and the company car driver – with all fixated on P11D and BIK rates. Saab unable to pay wages as financing crisis deepensFri, 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. 2040Parts.com © 2012-2024. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the 2040Parts User Agreement and Privacy Policy. 0.042 s, 11307 u |