Heuliez Nears Collapse
7 Apr 2009, 14:00 UTC · By: Daniel Patrascu / The hopes French coachbuilder Heuilez had for both its Friendly all electric vehicle and the promises made by the French government to help the company escape the crisis' grip are slowly slippi...
Saab Gets Bankruptcy Extension, Investors Pile Up
6 Apr 2009, 14:30 UTC · By: Daniel Patrascu / GM's unwanted child Saab got an extension on its Chapter 11-like bankruptcy protection, as a Swedish court decided the company needs more time to restructure. The Vanersborg court approved the ...
GM Prepares the Way Towards Chapter 11
6 Apr 2009, 08:56 UTC · By: Daniel Patrascu / Recent reports about GM's struggle (or should we say surrender) with the automotive crisis emphasize even more a grim possibility for all those involved. The company seems to head for Chapter 1...
Kresa: Splitting GM Might Be a Good Idea
3 Apr 2009, 10:54 UTC · By: Daniel Patrascu / The new GM chairman Kent Kresa thinks that in case of a Chapter 11 filing for his company, splitting the manufacturer into a "good" GM and a "bad" one will allow for a faster, be...
Chapter 11 for GM and Chrysler Scare Suppliers
2 Apr 2009, 14:24 UTC · By: Daniel Patrascu / Recent escalating talks about the possibility that the two troubled American manufacturers GM and Chrysler could head for Chapter 11 has a snowball effect that could make things worse than they alre...
GM's Restructuring Plan Is...?
31 Mar 2009, 07:24 UTC · By: Daniel Patrascu / ...what? It is the second, or perhaps the third (we lost count), restructuring plan forced upon or put in place by GM, an unwilling participant in the economic turmoil set in motion by the financial...
SAAB: Dead Brand Walking...
18 Mar 2009, 17:54 UTC · By: Alex Oagana / ... A few decades ago - let's not go too far and say only three or four - Saab was the epitome of Swedish quirkiness on four wheels. No, it wasn't Volvo, whose sole original trait was (and...
Dealers Want a National Ad Campaign from GM
17 Mar 2009, 10:45 UTC · By: Madalina Iancu / Rumors of General Motors being on the verge of bankruptcy have been spread in media all over the world but the Detroit-based automaker has just sit back and deepened in silence. Criticizing its u...
GM May Not Survive Outside Chapter 11
6 Mar 2009, 08:07 UTC · By: Daniel Patrascu / General Motor's auditors raised "substantial doubt" about the company's ability to continue its operations in the annual report filled with the US Securities and Exchange Commiss...
Saturn Asks Dealers 60 Days of Patience
23 Feb 2009, 08:10 UTC · By: Daniel Patrascu / Saturn, the collateral victim of GM's plan for survival, has asked its dealers not to close for 60 days while a GM-Saturn joint task force together with outside consultants determine whether a ...
Saab and Opel Could Sink Without Aid
22 Feb 2009, 09:15 UTC · By: Daniel Patrascu / GM’s financial problems are, as expected, influencing all its assets, local and foreign alike. This is the case with the US based mother company, the European branch could also face collapse i...
GM and Chrysler May Indeed Go Bankrupt
9 Feb 2009, 16:28 UTC · By: Alex Oagana / The Big Three automotive soap opera appeared to reach a happier-than-expected finale in mid-December, when General Motors and Chrysler LLC received a $17.4 billion low-interest loan from the United ...
Chrysler Announces Rebates, Struggles To Get Rid of Unsold Stock
23 Jan 2009, 10:13 UTC · By: Madalina Iancu / While some automakers try to get rid of the 2008 unsold stock by selling it to its managers (perhaps you remember the Toyota case), others put across rebates plans for this year. Since we're...
Ssangyong Might Be Hit By Strike, Fears Liquidation
13 Jan 2009, 12:01 UTC · By: Madalina Iancu / Even if SAIC struggles to save Ssangyong from bankruptcy, its efforts don't seem to be enough to be appreciated by the South Korean workers. According to Reuters, Ssangyong union workers hav...