bankruptcy

 
2014 Saab 9-3 Aero

Saab Owner NEVS Exits Bankruptcy Protection

After running out of cash last May due to a failed deal with a Chinese backer, Saab’s owner National Electric Vehicle Sweden (NEVS) was facing bankruptcy but was thrown a lifeline by a Swedish court that awarded the struggling firm a reorganization period. That same court, the District Court... read more

April 16, 2015 by 
 
Spyker logo

Spyker Declared Bankrupt, CEO Hopeful Of Electric Car Revival

After successfully filing for bankruptcy protection with a Dutch court just two weeks ago, struggling sports car brand Spyker has been declared bankrupt due to its inability... read more December 18, 2014 by 


 
Saab 9-3 EV electric prototype shown by NEVS, 2014

Saab Owner NEVS Close To Reaching Deal With India’s Mahindra: Report

Earlier this month, cash-strapped Saab owner National Electric Vehicle Sweden (NEVS) asked a Swedish court to extend the period for its restructuring so that it could... read more December 10, 2014 by 


 
Spyker B6 Venator (production-spec)

Spyker Files For Bankruptcy Protection, Says It Will Merge With Electric Aircraft Manufacturer

Still reeling from its failed attempt to rebuild Saab, Dutch sports car manufacturer Spyker has run into what the company describes as “short-term operational and... read more December 3, 2014 by 


 
NEVS starts production of 2014 Saab 9-3

Facing Bankruptcy, Saab Owner NEVS Says It Has New Asian Investor

The Saab name continues to be dragged through the mud, with its current owner, National Electric Vehicle Sweden (NEVS), struggling to stave off bankruptcy and secure a new... read more December 2, 2014 by 


 
Saleen logo

Saleen On The Verge Of Bankruptcy?

Vehicle tuner Saleen looks to be in some serious financial trouble, with a recent quarterly report filed by the company with the Securities and Exchange Commission revealing... read more November 26, 2014 by 


 
Marussia F1 Team logo

Marussia F1 Team Disbanded, Caterham Turns To Crowdfunding

Both the Marussia and Caterham Formula One teams have missed the last two races of the 2014 season due to financial difficulties, with the former still reeling from the... read more November 10, 2014 by 


 
Jaguar XJ Sport And Speed Nürburgring Taxi

Nürburgring Sold Again?

It’s being reported that German engineering group Capricorn, which bought the operator rights to the Nürburgring earlier this year after the previous owner become... read more November 3, 2014 by 


 
Marussia F1 Team logo

Marussia F1 Team Enters Administration, Seeks Buyer

Just days after the Caterham F1 Team’s financial troubles were revealed, it’s emerging that fellow Formula One team Marussia is also struggling and has just... read more October 27, 2014 by 


 
Caterham Formula One car

Caterham F1 Team’s Future In Jeopardy

The Caterham F1 Team is currently on shaky ground following news Caterham Sports Limited (CSL), an entity that builds the actual cars for the team, is in administration and... read more October 23, 2014 by 


 
2014 Saab 9-3 Aero

Up To 200 Saab Employees To Be Let Go

Saab’s owner National Electric Vehicle Sweden said it intends to lay off up to 200 of the Swedish automaker’s employees as it attempts to reduce costs during its... read more September 24, 2014 by 


 
2013 Wiesmann GT MF4-CS

Wiesmann Seeks New Investors

Wiesmann, the German manufacturer of lightweight, retro-styled sports cars powered by BMW M engines, finally went out of business earlier this year after several years of... read more September 5, 2014 by 


 
2014 Saab 9-3 Aero

Facing Bankruptcy, NEVS Loses Rights To Saab Name

Saab owner National Electric Vehicle Sweden recently ran out of cash but on Friday was thrown a lifeline by a Swedish court, which has given the struggling firm time to... read more August 31, 2014 by 


 
NEVS starts production of 2014 Saab 9-3

UPDATE: Bankruptcy Protection Of Saab Owner NEVS Approved

Saab’s current owner National Electric Vehicle Sweden is on the verge of bankruptcy but the firm has been thrown a lifeline by a Swedish court. The district court of... read more August 29, 2014 by 


 
2014 Saab 9-3 Aero

UPDATE: Saab Owner’s Bankruptcy Petition Withdrawn, Investor Talks Ongoing

Yesterday, it was reported that suppliers to Saab had petitioned a Swedish court to declare the struggling automaker’s latest owner, National Electric Vehicle Sweden... read more August 14, 2014 by 


 
Bertone logo

Stile Bertone Declared Bankrupt, Assets Go Up For Sale

Italy's Bertone, established in 1912 as a coachbuilder, has been hit hard by financial strife in the past decade, with the company forced to end its vehicle manufacturing... read more July 11, 2014 by 


 
 

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