HRT F1 Owner's Assets Frozen by Spanish Court
7 Jul 2010, 10:08 UTC · By: Ovidiu Panzariu / Not scoring a single point in this year's Formula One championship and not having at least the prospect of scoring it until the season end – unless 12 cars fail to finish the race and a H...
US F1 Assets Sold for $1.4 Million
17 Jun 2010, 09:38 UTC · By: Ovidiu Panzariu / What was at one point the ultimate American Dream inside the Formula One Championship has now been sold for the total amount of $1.4 million. According to ESPNF1, it seems that the auction in whic...
Beijing Auto Interested in Saab Assets
25 Nov 2009, 11:29 UTC · By: Alex Vasile / It is already official that the deal for buying Saab went sower, leaving General Motors with no other alternative but to shut down the brand, especially when Sweden ruled out a state bailout and sai...
Delphi to Sell Passive Safety Assets to Autoliv
17 Nov 2009, 14:49 UTC · By: Daniel Patrascu / American supplier Delphi announced today plans to sell its North American airbag, seatbelt and steering wheel assets to Autoliv, as part of this year's decision to exit the Occupant Protection ...
Metaldyne Assets Sold
17 Oct 2009, 21:01 UTC · By: Daniel Patrascu / American supplier Metaldyne completed the sale of most of its assets, following the bankruptcy filling in May. The remaining assets were sold to MD Investors Corp., a group led by private equity fir...
Accident Litigants Challenge GM's Sale
6 Jul 2009, 15:06 UTC · By: Daniel Patrascu / The four day window granted by Judge Robert Gerber to complete the sale of GM's assets over to the new company has left a group of accident litigants involving GM vehicles room to file a notice...
GM Awaits Its Fate
3 Jul 2009, 10:44 UTC · By: Daniel Patrascu / All that could be done has been done... The three day long hearing of GM's case in bankruptcy court ended and now the American manufacturer is awaiting the approval of assets sale over to the n...
Metaldyne Sells Assets to RHJ Int.
17 Jun 2009, 10:43 UTC · By: Daniel Patrascu / Bankrupt auto industry supplier Metaldyne has agreed to sell powertrain and operating assets, as well as stock of its foreign subsidiaries to RHJ International, one of the two companies that express...
Metaldyne Files for Bankruptcy
28 May 2009, 12:17 UTC · By: Daniel Patrascu / The following months will be very challenging for the US automotive industry. After earlier today we announced you that Visteon, one of the largest auto part manufacturer submitted its papers to ent...