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1970 Bertone Lancia Stratos HF Zero

Bertone Confirms Bankruptcy, Searches For Buyer

Legendary Italian styling house Bertone confirmed that it has entered bankruptcy proceedings. The Telegraph reports that the company has racked up significant debt, and that a Bertone spokesperson confirmed employees haven't been coming to work for around one and a half months. If a buyer isn't... read more

March 26, 2014 by 
 
2012 Fisker Karma EcoSport

Fisker Wants Court To Reject Wanxiang Bid, Cites It As Cause Of Bankruptcy

Bankrupt automaker Fisker Automotive is urging courts to approve the sale of its assets to a Hong Kong company currently bidding on it, in the hope that it can prevent... read more January 3, 2014 by 


 
2012 Fisker Karma EcoChic, New York City, Jan 2012

Fisker Founders Sued Over Company Collapse

The woes of Fisker Automotive, the electric car startup that filed for bankruptcy late last year after a series of insurmountable problems, don't look like stopping any time... read more January 2, 2014 by 


 
2013 Wiesmann GT MF4-CS

Germany’s Wiesmann No Longer Insolvent

It looks like it isn’t the end of the road for niche German sports car manufacturer Wiesmann just yet. After declaring itself insolvent in August, Wiesmann has now... read more December 2, 2013 by 


 
2012 Fisker Karma

Fisker Files For Bankruptcy, Assets Sold To Hybrid Technology

Electric car startup Fisker Automotive has finally filed for Chapter 11 bankruptcy, more than one year since it last built one its $103,000 Karma extended-range electric... read more November 25, 2013 by 


 
Carbon Motors E7

It's A 187 On The Carbon Motors Cop Car Dream, E7 Up For Auction

It's never easy to create a new version of something that already exists in a given market. Take, for example, the police car. For decades, the Ford Crown Victoria has been... read more November 15, 2013 by 


 
9ff Porsche GT9-R

Porsche Tuners 9ff And speedART File For Bankruptcy

The European car market continues to decline as the economies of most of its nations spiral downward, and the toll on the upper end of the custom and tuner segment continues... read more September 17, 2013 by 


 
2013 Gumpert Apollo S

Gumpert May Finally Be Down For The Count

If you're a fan of visually unappealing yet wildly potent automobiles, the Gumpert Apollo is probably your desktop background right now. Founded in 2004 by ex-Audi Sport... read more August 29, 2013 by 


 
Wiesmann MF5 Roadster

Sports Car Brand Wiesmann Files For Insolvency

Luxury sports car maker Wiesmann has filed for insolvency in its native Germany, the latest niche automaker to be hit by the downturn of the European new car market. Wiesmann... read more August 19, 2013 by 


 
City of Detroit, by jdurchen [Flickr]

City Of Detroit Files For Bankruptcy: Video

Detroit, once America’s fourth biggest city and still the heart of the country’s auto industry, filed for Chapter 9 bankruptcy protection in a federal court late... read more July 18, 2013 by 


 
Spyker B6 Venator concept car, 2013 Geneva Motor Show

Spyker Will Appeal Dismissal Of $3 Billion Lawsuit Against GM

Spyker will appeal last week’s court decision to dismiss the Dutch sports car manufacturer's $3 billion lawsuit originally filed against General Motors almost a year... read more June 21, 2013 by 


 
2011 Saab 9-5 and 2011 Saab 9-4X

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... read more June 11, 2013 by 


 
Screen capture from video by Aaron Wood of fire in 2012 Fisker Karma in Wooside, CA, August 2012

Fisker Automotive: The Final Flameout?

This morning, Fisker laid off all of its communications staff and most of the rest of its labor force. Far from the beginning of the end, the news today comes as the final... read more April 5, 2013 by 


 
Irwindale Speedway - Image courtesy of Irwindale Speedway

Oval Track Racing To Return To Irwindale Speedway In 2013

In February, we heard the sad news that Irwindale Speedway was closing its doors and canceling all events for the remainder of 2012 due to the bankruptcy of its operator... read more December 18, 2012 by 


 
Saab 9-3 Cabriolet Independence Edition - image: KVD Auctions

The Last Production Saabs Head To Auction

In the 2009 horror-comedy motion picture Zombieland, actor Woody Harrelson’s character wanders a ruined America, in search of the last remaining Hostess Twinkie... read more November 28, 2012 by 


 
Gumpert Enraged live photos, 2012 Geneva Motor Show

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... read more November 14, 2012 by 


 
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