autoevolution

Stories about: bankruptcy

Chrysler Salaried Retirees Seek New Arrangement
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...

 
Saab Exists Bankruptcy, Continues Marriage with Koenigsegg
Saab Exists Bankruptcy, Continues Marriage with Koenigsegg

20 Aug 2009, 14:25 UTC · By: Bogdan Popa / Swedish group Saab's bankruptcy protection finally came to an end today as the company decided it would be better not to ask for an extension in court and continue restructuring with the help o...

 
Chrysler Creditors Sue Daimler
Chrysler Creditors Sue Daimler

19 Aug 2009, 08:31 UTC · By: Daniel Patrascu / As we reported in the beginning of the month, a group of Chrysler creditors was seeking means to open a lawsuit against German group Daimler, on the grounds that the Germans have stripped Chrysler o...

 
Lear Submits Reorganization Plan
Lear Submits Reorganization Plan

18 Aug 2009, 10:36 UTC · By: Daniel Patrascu / Bankrupt American supplier Lear filed its reorganization plan in bankruptcy court, taking yet another step into securing its goal of restructuring the $3.6 billion debt, as well as opening the door ...

 
Visteon to Cut Health Benefit, Give Bonuses to Managers
Visteon to Cut Health Benefit, Give Bonuses to Managers

17 Aug 2009, 09:47 UTC · By: Daniel Patrascu / Bankrupt American supplier Visteon submitted in court on Friday a proposal to cut health-care insurance for about 7,700 retirees and employees. The supplier says the move is necessary in order to sa...

 
GM to Reestablish Up to 50 Dealerships
GM to Reestablish Up to 50 Dealerships

17 Aug 2009, 07:52 UTC · By: Daniel Patrascu / Wants me, wants me not... This is the predicament some of the dealerships targeted for closure by American manufacturer GM find themselves in now, as it would appear the carmaker is now looking into...