bankruptcy

 
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 Spyker-owned Saab into bankruptcy by blocking a planned asset purchase by Chinese investor Youngman Lotus. General Motors... read more

June 11, 2013 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


 
Gumpert Enraged live photos, 2012 Geneva Motor Show

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... read more October 19, 2012 by


 
A Lola chassis

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... read more October 10, 2012 by


 
Artega GT sports car

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... read more October 5, 2012 by


 
Saab logo

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... read more September 3, 2012 by


 
Gumpert Apollo R live photos

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... read more August 30, 2012 by


 
Melkus RS2000 GTS

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... read more August 22, 2012 by


 
Porsche at the 2011 Nurburgring 24 Hours

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... read more August 2, 2012 by


 
Porsche at the 2011 Nurburgring 24 Hours

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... read more July 19, 2012 by


 
Porsche's 911 GT3 R Hybrid at the Nurburgring.

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... read more July 18, 2012 by


 
2011 De Tomaso SLS (Sport Luxury Sedan) Concept

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... read more July 12, 2012 by


 
2011 De Tomaso SLS (Sport Luxury Sedan) Concept

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... read more July 6, 2012 by


 
Artega GT sports car

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... read more July 5, 2012 by


 
Saab logo

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... read more June 28, 2012 by


 
2012 Saab 9-3 Griffin range

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... read more June 22, 2012 by


 
 

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