GM India Increases Production and Sets Target for Exports
15 Jan 2010, 11:59 UTC · By: Andrei Tutu / General Motors India is planning to increase its annual production figure to 200,000 units by 2013 and want to export a part of it to the European and Asia Pacific markets, as The Financial Express ...
American IronHorse Name and Trademarks Up for Sale
13 Nov 2009, 13:11 UTC · By: Alina Dumitrache / Texas motorcycle manufacturer American IronHorse is about to end its journey for good after Streambank, an advisory firm specializing in the sale of intangible assets, announced it is ready to sell ...
Lear Emerges from Bankruptcy
10 Nov 2009, 15:34 UTC · By: Daniel Patrascu / Tough times remain behind for American automotive supplier Lear, after it announced today it has completed its court-supervised financial reorganization. In addition, Lear also announced its new com...
Lear to Exit Bankruptcy
6 Nov 2009, 08:32 UTC · By: Daniel Patrascu / As the dust begins to settle over last summer's wave of bankruptcy fillings, companies which experienced difficulties began shedding their old selves and emerge better, cleaner and... restructu...
Jones Day Gets $21.2M in Legal Fees from Chrysler
28 Oct 2009, 09:32 UTC · By: Daniel Patrascu / Hate them, love them, feel however you like about them, but you must admit lawyers can fend for themselves. As we reported in a few occasions in the past, being a lawyer in the US during these troub...
Chrysler Salaried Retirees Seek New Arrangement
27 Oct 2009, 10:55 UTC · By: Daniel Patrascu / A group of Chrysler salaried retirees will meet this week with company representatives in an attempt to get both reassurance that the retiree benefits will not be cut should the manufacturer declare...
SsangYong Rescue Plan Accepted by Creditors
23 Oct 2009, 08:48 UTC · By: Alex Vasile / The SsangYong saga is far from being over. As you know, the South Korean manufacturer had a rough year. In 2008 sales went down a staggering 34.5%. As a direct result, in December 2008 Ssangyong was...
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...
Delphi, Back with Confidence
9 Oct 2009, 09:28 UTC · By: Daniel Patrascu / It took the American supplier some four long years to exit bankruptcy protection, yet it is this exact reason the one behind the company's new found confidence that it will succeed. With most o...
Court Denies Visteon Execs Bonuses
9 Oct 2009, 06:51 UTC · By: Daniel Patrascu / The Bankruptcy Court in Wilmington has denied Visteon's request to give bonuses to 12 of its executives. As announced back in mid-August, Visteon planned to cut $31 million in employee health-c...
New GM's First 90 Days
8 Oct 2009, 09:22 UTC · By: Daniel Patrascu / Believe it or not, American manufacturer GM, the reborn version, is now three months old. As is the custom, GM decided to let the public know how they've been, what's working and what'...
Nexteer Automotive, Born of Delphi
7 Oct 2009, 08:42 UTC · By: Daniel Patrascu / As a result of Delphi's emergence from bankruptcy, a new entity will be formed to comprise the supplier's steering business. Owned by GM's new Global Steering Holdings, the new Nextee...
Delphi Exits 4-Year Long Bankruptcy
7 Oct 2009, 06:50 UTC · By: Daniel Patrascu / The long talked about deal between American manufacturer GM and supplier Delphi concluded yesterday with the official emerge of the supplier from the four-year long bankruptcy. As a result of the de...
Holley!, We're Bankrupt Again
29 Sep 2009, 08:00 UTC · By: Daniel Patrascu / For the second time in two years, aftermarket high-performance carburetors and automotive fuel-injection systems manufacturer Holley Performance Products was forced to file for Chapter 11 protection...
SsangYong's New Survival Plan
17 Sep 2009, 09:19 UTC · By: Daniel Patrascu / South Korean manufacturer Ssangyong submitted a new survival/revival plan in Korean bankruptcy court, in an attempt to exit court receivership. The plans submitted with the Seoul Central District Co...
Methode Sues Delphi
4 Sep 2009, 14:09 UTC · By: Daniel Patrascu / After earlier today good news for American supplier came, following the approval by US anti-trust officials of GM's buy offer, trouble ahead, once again, for Delphi. Methode Electronics, suppli...
GM Delphi Assets Buy Approved
4 Sep 2009, 09:57 UTC · By: Daniel Patrascu / United States anti-trust officials approved yesterday GM's attempt to buy certain assets of the now bankrupt American supplier Delphi. The assets at stake are Delphi's global steering busi...
FormTech Industries Files for Bankruptcy
28 Aug 2009, 12:15 UTC · By: Daniel Patrascu / Another American automotive supplier was forced into filing for bankruptcy this week, as a result of the current economical environment. As a result of the filing, FormTech is now looking approval t...
Chrysler Accepts Liability Claims on Pre-June 2009 Vehicles
28 Aug 2009, 06:52 UTC · By: Daniel Patrascu / Chrysler Group, the new entity which was born following the bankruptcy process of Chrysler LLC, now known as Oldcarco, announced today it has decided to accept "product liability claims on vehi...
Chrysler on Jim Press' Departure Rumor: No Comment
27 Aug 2009, 17:35 UTC · By: Daniel Patrascu / American manufacturer Chrysler declined to comment on recent reports saying the company's current CEO, Jim Press, will take his leave by the end of this year. Shawn Morgan, Chrysler's corp...