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2011 Saab 9-4X

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 teetering on the brink. Funds that were committed by investors were not paid in time, which has caused delays in paychecks. Saab... read more

July 26, 2011 by 
 
2012 Saab 9-3 Griffin range

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... read more June 24, 2011 by 


 
2012 Saab 9-3 Griffin range

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... read more May 12, 2011 by 


 
2011 Saab PhoeniX Concept

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... read more March 11, 2011 by 


 
New Jersey Motorsports Park aerial view

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... read more March 8, 2011 by 


 
2006 Bristol Fighter T

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... read more March 3, 2011 by 


 
General Motors Renaissance Center, Detroit, Michigan

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... read more November 16, 2009 by 


 
GM Detroit headquarters

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... read more July 25, 2009 by 


 
Meet the new GM...not quite the same as the old GM

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... read more July 10, 2009 by 


 
GM Detroit headquarters

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... read more July 6, 2009 by 


 
Karmann Ghia coupe

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... read more June 23, 2009 by 


 
GM Detroit headquarters

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... read more June 19, 2009 by 


 
Bill Ford, Jr.

Ford: Government loans to Chrysler, GM saved the industry

It's easy to look at the bailouts and bankruptcies of General Motors and Chrysler as a big-government bonanza. Some even see tints of socialism in the loans and subsequent... read more June 15, 2009 by 


 
Sergio Marchionne, CEO of Fiat

Marchionne says Fiat will stick with Chrysler deal despite delay

Although Fiat's purchase of Chrysler seemed almost a done deal last week, today the U.S. Supreme Court has issued an indefinite stay on the sale until it can decide whether... read more June 9, 2009 by 


 
Meet the new GM...not quite the same as the old GM

Ed Whitacre to be named chairman of New GM

A bit over a week into GM's bankruptcy and we're starting to see announcements that mirror those made by Chrysler about a month ago. Today's is the naming of the... read more June 9, 2009 by 


 
U.S. Capitol Hill

Republicans and Democrats blame each other for GM collapse

The collapse of General Motors has seen some of the most divergent views on both politics and the automotive industry appear in recent times, and even though the collapse of... read more June 9, 2009 by 


 
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