bankruptcy

GM bankrupcty could split healthier brands off into separate company

Hidden away in General Motors' plans for the next 60 days is a bankruptcy strategy that could see its most successful brands peel off to form a second company, leaving the other brands to languish in bankruptcy for a more extended period. The news comes from an anonymous source within GM via...

April 1, 2009 by Nelson Ireson

Auto industry task force rejects GM and Chrysler viability plan

GM and Saab agree to five-year parts sharing deal

Bankruptcy rumors hurt residual values for GM and Chrysler

Chrysler: We’re a safer bet than GM

If asked whether General Motors or Chrysler were in a better financial position, many of us would conclude that GM looks better. However, Chrysler's chief financial officer... March 20, 2009 by Ralph Hanson

UK auto aid approved by EU, now accepting bids for share of £2.3 billion

The weak economy knows no borders, rampaging across the globe taking its toll in lost jobs and bankruptcies. The car industry in particular is no stranger to this strife, and... March 11, 2009 by Nelson Ireson

GM viability plan calls for $16.6 billion in additional aid, 47,000 job cuts

Chrysler’s request for an additional $2 billion in government funded loans in its latest viability proposal looks trivial compared to the $16.6 billion requested by... February 17, 2009 by Viknesh Vijayenthiran

Chrysler's viability plan requires additional $2 billion in loans

Building a foundation for the reconstruction of the industry, General Motors and Chrysler are required to submit new plans for viability today as part of the loan agreement... February 17, 2009 by Ralph Hanson

Russia’s Sollers seeking rights to SsangYong vehicles

Despite the attractive new C200 crossover concept debuted at last year's Paris Motor Show, the successful Rexton production SUV and the new-for-2008 Chairman W luxury sedan... January 15, 2009 by Nelson Ireson

Pininfarina exits contract building, focusing solely on electric vehicles

This year has been a hard one for a lot of people, companies and industries. It has been an especially tough one for Pininfarina, losing its CEO, Andrea Pininfarina, to a... December 31, 2008 by Alex Kaufmann

White House considering 'orderly bankruptcy' as an option for GM, Chrysler

Bankruptcy for one or more major carmakers as a solution to the current automotive downturn has been widely reviled as the worst possible alternative for the carmakers... December 18, 2008 by Nelson Ireson

GM, Chrysler bankruptcy up to 400% more expensive than bridge loans, says study

If you listen to the CEOs and PR spin-doctors, bankruptcy has never been an option for America's carmakers, despite behind-the-scenes talk of 'Plan B' scenarios. It turns out... December 9, 2008 by Nelson Ireson

GM stocks nosedive after Deutsche Bank rating drops to $0

Teetering on the brink of the precipice is a fairly accurate description of General Motors' future, according to Deutsche Bank, which revised its valuation target of GM... November 10, 2008 by Nelson Ireson