bankruptcy
Judge Sides With GM In Dismissal Of Spyker’s $3 Billion Lawsuit
In August of 2012, Spyker filed a $3 billion lawsuit against General Motors in a U.S. District Court in Michigan, alleging that the American auto giant deliberately forced Spyker-owned Saab into bankruptcy by blocking a planned asset purchase by Chinese investor Youngman Lotus. General Motors...
Supercar Maker Gumpert Restarts Production, Despite Insolvency
In August, we heard the sad news that Germany’s Gumpert Sportwagenmanufaktur, maker of the legendary Apollo line of supercars, was forced to start insolvency... November 14, 2012 by Viknesh Vijayenthiran
Supercar Builder Gumpert Saved By New Investor: Report
This year has not been kind to sports car or race car manufacturers. In August, boutique German sports car builder Melkus announced it was filing for bankruptcy, followed a... October 19, 2012 by Kurt Ernst
Race Car Manufacturer Lola Ceases Operations
Legendary British engineering firm and race car constructor Lola Cars, established in 1958 and based in Huntingdon, England, has ceased operations after entering... October 10, 2012 by Viknesh Vijayenthiran
Artega’s New Owner Ceases Production Of GT Sports Car
Production at niche sports car manufacturer Artega, based in Delbrück, Germany, has come to an end, with the company stating on its website that the last of its Henrik... October 5, 2012 by Viknesh Vijayenthiran
NEVS Finalizes Saab Acquisition, Gets Permission To Use Saab Name
Following its announcement in June to acquire the remaining assets of bankrupt Swedish automaker Saab, as well as the assets of subsidiary firms Saab Powertrain and Saab... September 3, 2012 by Viknesh Vijayenthiran
Supercar Maker Gumpert Declares Insolvency
Just when it looked like the bankruptcies and bottoms-dropping-out of the car industry were behind us, Gumpert announces that it has applied for insolvency proceedings in its... August 30, 2012 by Nelson Ireson
German Sports Car Manufacturer Melkus Files For Bankruptcy
As recently as March of this year German sports car manufacturer Melkus was making headlines with new model introductions, however, things have turned sour since then and now... August 22, 2012 by Viknesh Vijayenthiran
Nürburgring Gets Temporary Reprieve With German State Loan
When the Nürburgring was forced into bankruptcy last month, the future of the storied racetrack looked bleak, at best. No one knew what would happen to the circuit... August 2, 2012 by Kurt Ernst
Nürburgring Operator Files For Bankruptcy
Despite its significant links with the auto industry and the world of motorsports, the Nürburgring race track is in severe financial distress, with news coming overnight... July 19, 2012 by Viknesh Vijayenthiran
European Union Rejects Aid, Nürburgring Facing Bankruptcy
The saga of the financial debacle surrounding Germany’s storied Nürburgring circuit has been been going on for years. In 2010, it was made (very) public by... July 18, 2012 by Kurt Ernst
Italian Police Arrest De Tomaso Chairman
Just days after news that Italian automaker DeTomaso had filed for bankruptcy comes word that its chairman, Gian Mario Rossignolo, was arrested on allegations that some $9.2... July 12, 2012 by Kurt Ernst
De Tomaso Files For Bankruptcy, Again
Despite the grand visions of its latest owner, former Fiat executive Gian Mario Rossignolo, legendary Italian sports car brand De Tomaso has announced it has filed for... July 6, 2012 by Viknesh Vijayenthiran
German Sports Car Manufacturer Artega Files For Bankruptcy
It’s a sad day for sports car fans, with news coming out today that German firm Artega, manufacturer of the Henrik Fisker-designed GT sports car, has filed for... July 5, 2012 by Viknesh Vijayenthiran
Saab’s New Owner Seeks Permission To Use Saab Name And Logo
Earlier this month it was revealed the remnants of bankrupt Swedish automaker Saab would be sold to National Electric Vehicle Sweden AB (NEVS), a consortium made up of... June 28, 2012 by Viknesh Vijayenthiran
Saab's Last 900 Cars Head To Auction
If you thought you’d missed your chance to pick up a new Saab before the now-semi-defunct brand was gone for good, despair not: additional units, leftover from port... June 22, 2012 by Kurt Ernst
Marchi Mobile EleMMent Palazzo Is $3M Rolling Excess Machine 
2014 Porsche Macan Spy Shots (With Interior) 
2015 Ford Mustang, 2014 S63 AMG Leak, 2014 Porsche LMP1: This... 
ShepTrans Builds Nissan GT-R Capable Of 8.61 Second Quarter... 
2014 BMW 4-Series Coupe: Official Details, Pricing And Video 
