bankruptcy
Saab Posts $322 Million First Half Loss
Saab has taken yet another step, this time a major one, towards what’s shaping up to be an inevitable bankruptcy, with news coming out today that the struggling Swedish automaker posted a $322 million loss for the first six months of 2011. The latest figure is four times the amount Saab lost...
Saab Delays Payments To Employees, Company On Brink Again?
Despite saying it has three new models in the works, Saab has delayed payments to its white-collar employees, and that could spark rumors that the company is once again... July 26, 2011 by Tim Healey
Saab To Restart Production In August, Finalizes Real Estate Deal
Saab looks to be almost back in business, with the automaker announcing this week the finalization of yet another cash injection deal as well as a tentative August date for... July 8, 2011 by Viknesh Vijayenthiran
Saab Gets Additional $40 Million By Selling Off Property
Yesterday we reported that Saab would receive $18.4 million by the end of this week from a mystery Chinese firm that ordered a total of 582 of its cars, allowing the... June 28, 2011 by Viknesh Vijayenthiran
Mystery Chinese Buyer Orders 582 Saabs, Helps Stave Off Bankruptcy
Late last week it was revealed that Saab couldn’t afford to pay its workers’ salaries and without any hope of a sudden inflow of cash would be forced into... June 27, 2011 by Viknesh Vijayenthiran
Saab Can’t Pay Workers, Bankruptcy Looming
Saab’s recent announcements of partnerships with Chinese firms Zhejian Youngman Lotus Automobile and Pang Da Automobile has done little for its money woes, with the... June 24, 2011 by Viknesh Vijayenthiran
Saab Rescue Deal With China’s Hawtai Terminated
The last we heard, production at Saab’s plants back home in Sweden had come to a halt due to a lack of funds and fears that the automaker’s new parent, Spyker... May 12, 2011 by Viknesh Vijayenthiran
Could Saab Be Bankrupt Within 5 Days? Antonov Thinks So
Vladimiar Antonov, the Russian banker and businessman whose involvement in Spyker caused a delay in the sale of Saab from GM while investigations into rumored mafia ties were... March 11, 2011 by Nelson Ireson
New Jersey Motorsports Park, Host of Inaugural U.S. RallyCross, Bankrupt
New Jersey Motorsports Park (NJMP) isn't a headlining NASCAR venue or even one of America's great road courses, but it was the site of the inaugural U.S. RallyCross event... March 8, 2011 by Nelson Ireson
Bristol Cars Bankrupt After 65 Year Run
The U.K.'s Bristol Cars may not be on the tip of every wagging social media tongue these days, especially here in the U.S., but it has produced some remarkable cars over the... March 3, 2011 by Nelson Ireson
GM Releases First Post Bankruptcy Financial Results
General Motors has released today its first financial results since emerging from bankruptcy on July 10 as a ‘new’ company. The results are for the first 83 days... November 16, 2009 by Viknesh Vijayenthiran
GM gets 5 new board members appointed by U.S., Canadian governments
General Motors' recent bankruptcy proceedings have seen the company transformed as it leaves behind failing assets, and according to the company these changes have also been... July 25, 2009 by Ralph Hanson
There's a new carmaker in town, and its name is...General Motors
Lighter, smaller, quicker and more responsive to customer needs - that's how the new General Motors Company is comparing itself to the now-defunct General Motors Corporation... July 10, 2009 by Nelson Ireson
Bankruptcy court approves GM asset sale
General Motors is one step closer to emerging from bankruptcy, with a judge on Sunday approving an asset sale to allow the most profitable assets to exit bankruptcy... July 6, 2009 by James Martinez
Karmann shuts its doors as last convertible rolls off the line
Last year a spate of bankruptcy threats and possible acquisitions or closures hit the coachbuilding industry, but today Karmann, perhaps most famous for the Karmann Ghia... June 23, 2009 by Ralph Hanson
GM sees possibility for early exit from Chapter 11
Much talk over the messiness of so-called 'surgical' bankruptcies has spun about the web, and before Chrysler and General Motors went into the process, there was a lot of... June 19, 2009 by Nelson Ireson
Lamborghini Egoista Concept: Official Details And Video 
2014 Mercedes-Benz S Class Leaked In Brochure 
2015 Land Rover LR4 (Discovery) Spy Shots 
It’s Finally Happened: Bugatti Veyron Joins Dubai Police Fleet 
