2013 Wiesmann GT MF4-CS

German Sports Car Brand Wiesmann Sold To Indian Investors

Wiesmann, the German manufacturer of lightweight, retro-styled sports cars powered by BMW M engines, finally went out of business last year after several years of barely scraping by. Since then, founders Martin and Friedhelm Wiesmann have been on the lookout for a buyer, and now it seems... read more

November 17, 2015 by 
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... read more April 16, 2015 by 

2014 Saab 9-3 Aero

Facing Bankruptcy, Saab Owner NEVS Seeks Debt Reduction From Creditors

Saab’s latest woes appear to have no end in sight with news emerging overnight that the automaker’s owner, Chinese-backed National Electric Vehicle Sweden (NEVS)... read more February 19, 2015 by 

Caterham's 2014 Formula One car

Caterham F1 Hopes Fade As Administrator Puts Assets Up For Sale

Despite raising enough cash to finish off the 2014 Formula One World Championship, struggling team Caterham F1, now a separate unit to the Caterham sports car brand, looks... read more February 6, 2015 by 

Spyker B6 Venator concept car

Spyker Appeals Bankruptcy Decision, Still Plans Merger With Electric Aircraft Manufacturer

Spyker was finally forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand, already behind in its payments... read more January 29, 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 


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