Aston Martin, For Sale Sign Looming
29 Sep 2009, 11:39 UTC · By: Daniel Patrascu / Not even one of the most iconic British car manufacturers can't escape the (still) tight grip of the economic crisis. Although apparently spared until now from drastic measures (in terms of pro...
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 ...
Chrysler Creditors to Sue Daimler
5 Aug 2009, 08:52 UTC · By: Daniel Patrascu / A group of Chrysler creditors have asked the bankruptcy court approval to sue German manufacturer Daimler, who they accuse stripped the American manufacturer of its most valuable assets in 2007, whe...
Delphi Sold to GM, Lender Group
31 Jul 2009, 07:04 UTC · By: Daniel Patrascu / The four year long bankruptcy of American supplier Delphi concluded yesterday with the approval for the sale of its assets to General Motors and a group of lenders. In exchange for the sale, the len...
Chrysler-Lenders Meeting Goes South
30 Apr 2009, 09:08 UTC · By: Daniel Patrascu / As the doomsday hour draws even closer for American manufacturer Chrysler, reports start poring in, some bringing good and some bringing bad news. After we reported earlier today that the signing of...