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Stories about: bankruptcy

Saleen Might File for Bankruptcy, Owes Millions According to US SEC Filing
Saleen Might File for Bankruptcy, Owes Millions According to US SEC Filing

26 Nov 2014, 15:12 UTC · By: Mircea Panait / The peeps over at Saleen Automotive are not in a good financial shape. Despite the all-new 2015 Saleen 302 Mustang and the recently unveiled ST691 electric bruiser, the company happens to be in big ...

 
E-Scooter Manufacturer Vectrix Goes Bankrupt Again, Most Likely for Good
E-Scooter Manufacturer Vectrix Goes Bankrupt Again, Most Likely for Good

5 Apr 2014, 07:09 UTC · By: Florin Tibu / Not all the good and green ideas can make through in a world where competitiveness must be also mixed with a dash of luck and some other “magic” ingredients, and seeing electric scooter ...

 
Fisker Sold for $149 Million to China's Wanxiang
Fisker Sold for $149 Million to China's Wanxiang

16 Feb 2014, 10:13 UTC · By: Ciprian Florea / Ill-fated electric car manufacturer has been sold to Wanxiang for $149.2 million this weekend. The Chinese company won the bidding against Hong Kong's Hybrid Tech Holdings. Wanxiang's b...

 
GM Won’t Pay Back $10 Billion Bailout Loss, Says Akerson
GM Won’t Pay Back $10 Billion Bailout Loss, Says Akerson

18 Dec 2013, 12:44 UTC · By: Ciprian Florea / General Motors won’t be covering the $10 billion the US government lost on the Detroit manufacturer’s bailout, chairman and CEO Dan Akerson said earlier this week. GM’s outgoin...

 
GM Stock Hits All-Time High at $40.17
GM Stock Hits All-Time High at $40.17

9 Dec 2013, 14:50 UTC · By: Ciprian Florea / General Motors stock price hit an all-time high on Friday, topping $40 a share for the first time since the Detroit-based manufacturer went public in 2010. GM shares rose 2.8 percent to $40.17 as...

 
Wiesmann Back in Business After Bankruptcy
Wiesmann Back in Business After Bankruptcy

29 Nov 2013, 12:40 UTC · By: Ciprian Florea / Niche sportscar manufacturer Wiesmann has applied to dismiss insolvency proceedings after filing for bankruptcy protection a few months ago, the German company revealed earlier this week. “...

 
Carbon Motors Police Car Going Under the Hammer
Carbon Motors Police Car Going Under the Hammer

18 Nov 2013, 09:37 UTC · By: Ciprian Florea / A promising car manufacturer at first, Carbon Motors is basically bankrupt after the US Department of Energy rejected a request for a $310 million loan last year. With liabilities of about $21.7 mil...

 
DOE to Auction Off Fisker’s Loan Obligation
DOE to Auction Off Fisker’s Loan Obligation

20 Sep 2013, 10:32 UTC · By: Ciprian Florea / The US Department of Energy has announced plans to auction off the remainder of Fisker’s loan debt of $168 million after the EV manufacturer has failed to attract a buyer since halting automob...

 
Supercar Manufacturer Gumpert Is Officially Dead
Supercar Manufacturer Gumpert Is Officially Dead

30 Aug 2013, 10:06 UTC · By: Ciprian Florea / German sportscar manufacturer Gumpert has officially gone under after the company’s mysterious new investor declined to fund the struggling company, insolvency administrator Gorge Scheid revea...

 
German Company Wants to Buy Fisker for $25 Million
German Company Wants to Buy Fisker for $25 Million

23 Aug 2013, 09:13 UTC · By: Ciprian Florea / German company Fritz Nols AG is reportedly interested in acquiring California-based EV manufacturer Fisker Automotive for $25 million. According to Auto Bild, the Germans have already put togethe...

 
2014 Detroit Auto Show Will Go Ahead As Planned, Despite City Bankruptcy
2014 Detroit Auto Show Will Go Ahead As Planned, Despite City Bankruptcy

23 Jul 2013, 14:27 UTC · By: Ciprian Florea / Detroit’s bankruptcy filling won’t affect the 2014 edition of the North American International Auto Show, scheduled to take place at Cobo Center in January, event organizers announced la...

 
Detroit City Files for Bankruptcy
Detroit City Files for Bankruptcy

19 Jul 2013, 09:35 UTC · By: Ciprian Florea / The city of Detroit has filed for Chapter 9 bankruptcy protection in federal court yesterday, making it the largest bankruptcy in US history. Known as the Motor City, home to the Big Three - General...

 
Carbon Motors Files for Bankruptcy
Carbon Motors Files for Bankruptcy

20 Jun 2013, 11:12 UTC · By: Ciprian Florea / High-tech Police car manufacturer Carbon Motors is officially belly-up after filing for Chapter 7 liquidation in the US Bankruptcy Court in Indianapolis. With assets of just $18,976 and liabiliti...

 
Ex-Saab Executives Arrested on Accounting Fraud Charges
Ex-Saab Executives Arrested on Accounting Fraud Charges

21 May 2013, 11:20 UTC · By: Ciprian Florea / Three former executives of the now bankrupt Swedish automaker Saab have been arrested on accounting fraud charges, an Associated Press report announced later this week. According to Swedish prose...

 
Coda Files for Bankruptcy Protection
Coda Files for Bankruptcy Protection

1 May 2013, 12:48 UTC · By: Mihnea Radu / Electric cars are making headlines the past few weeks as Uncle Sam is questioning them about how they used their allowances. Coda Holdings has already called it quits though, after having sold only...

 
Suzuki to End Automobile Sales in Canada
Suzuki to End Automobile Sales in Canada

27 Mar 2013, 11:14 UTC · By: Ciprian Florea / Suzuki Canada Inc. has announced it will discontinue production of new vehicles after the 2014 model year in order to focus on motorcycles, ATVs, and its marine division. The company's decis...

 
F1 Boss Ecclestone Looking to Buy Nurburgring?
F1 Boss Ecclestone Looking to Buy Nurburgring?

29 Jul 2012, 12:25 UTC · By: Mihnea Radu / Honestly, we really couldn’t fathom the automotive world without the mecca of speed that is the Nurburgring track. This German piece of racing asphalt has been the birthplace for many of the m...

 
GM Gets Ready for Bankruptcy
GM Gets Ready for Bankruptcy

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although US car manufacturers struggle to get through the economic crisis, General Motors acknowledges that things can get even worse and hired a special bankruptcy counsel and restructuring adviser...

 
SsangYong Shuts Down Operations, Protests Announced
SsangYong Shuts Down Operations, Protests Announced

21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Although we've heard a lot of reports claiming that global automakers may file for bankruptcy due to the financial crisis, none of them actually got so far, with governments or majority share h...

 
Detroit 3 Are Being Put on Hold
Detroit 3 Are Being Put on Hold

21 Nov 2012, 14:06 UTC · By: Vali Mihaescu / It would seem that U.S. automakers are getting close to their goal of obtaining the $15 billion package that was offered to them earlier in the week. The White House opposed the Democratic bid. A...