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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 to source bridge funding to continue operations. The decision was made today by the district court of Midden-Nederland, at... read more

December 18, 2014 by 
 
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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 


 
2013 Wiesmann GT MF4-CS

Boutique Carmaker Wiesmann Out Of Business

German boutique sports car maker Wiesmann, creator of the odd but iconic MF4 and MF5, has finally gone out of business after a drawn out insolvency. Last summer, Wiesmann... read more May 7, 2014 by 


 
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... read more March 26, 2014 by 


 
Aston Martin centenary drive at the Nürburgring

Nürburgring Saved? Capricorn Group Buys Famed Track

Fans of motorsport around the world have been experiencing low-level anxiety over the future of the Nürburgring for years now. In 2012, the track declared insolvency... read more March 11, 2014 by 


 
The New Fisker Automotive

Wanxiang Launches 'The New Fisker' Website, Says Atlantic Is The Future

The American arm of Chinese auto parts giant Wanxiang recently bought up the assets of bankrupt electric car startup Fisker Automotive and has now confirmed by way of a... read more March 7, 2014 by 


 
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