bankruptcy

JD Classics center in Maldon, United Kingdom

Classic car restorer and dealer JD Classics sold to new owner

JD Classics can breathe a sigh of relief as it's been sold to a new owner. AM Online reported Tuesday that the major classic car restorer and dealer found a buyer in Woodham Mortimer, a company controlled by HPS Investment Partners LLC. Woodham Mortimer's purchase of JD Classics secured 60 jobs at... read more

September 19, 2018 by Sean Szymkowski

Major classic car dealer and restorer JD Classics hits financial troubles

Bob Lutz: Tesla is “going out of business”

Skip Barber 2-Day High Performance Driving School

Skip Barber Racing School files for bankruptcy, seeks buyer

End of the road for F1 backmarker Manor

Formula One team Manor Racing, formerly Marussia, was disbanded on Friday. The news comes after the team announced on January 6 that it had entered administration, similar to... read more January 29, 2017 by Viknesh Vijayenthiran

German Sports Car Brand Wiesmann Sold To Indian Investors

Wiesmann, the German manufacturer of lightweight, retro-styled sports cars powered by BMW M engines, finally went out of business last year after several years of barely... read more November 17, 2015 by Viknesh Vijayenthiran

Caparo Parent Company Enters Administration, Chairman Dies In Apparent Suicide

Britain’s Caparo T1 was billed as the ‘closest thing to driving a Formula One car on the road’ when it was first unveiled back in 2006. The car looked just... read more November 11, 2015 by Viknesh Vijayenthiran

Mission Motorcycles Runs Out Of Juice, Files For Bankruptcy

In 2011, Mission Motorcycles set the record for fastest electric motorcycle lap of Mazda Raceway Laguna Seca. And while the record still stands, the San Francisco-based... read more September 16, 2015 by John Coyle

Spyker Exits Restructuring, Says It Will Develop Electric Cars And Planes With Volta Volare

Spyker was forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand wouldn’t be able to pay back all of its... read more August 3, 2015 by Viknesh Vijayenthiran

Saab Owner NEVS Exits Bankruptcy Protection

After running out of cash last May due to a failed deal with a Chinese backer, Saab’s owner National Electric Vehicle Sweden (NEVS) was facing bankruptcy but was thrown... read more April 16, 2015 by Viknesh Vijayenthiran

Facing Bankruptcy, Saab Owner NEVS Seeks Debt Reduction From Creditors

Saab’s latest woes appear to have no end in sight with news emerging overnight that the automaker’s owner, Chinese-backed National Electric Vehicle Sweden (NEVS)... read more February 19, 2015 by Viknesh Vijayenthiran

Caterham F1 Hopes Fade As Administrator Puts Assets Up For Sale

Despite raising enough cash to finish off the 2014 Formula One World Championship, struggling team Caterham F1, now a separate unit to the Caterham sports car brand, looks... read more February 6, 2015 by Viknesh Vijayenthiran

Spyker Appeals Bankruptcy Decision, Still Plans Merger With Electric Aircraft Manufacturer

Spyker was finally forced into bankruptcy late last year by a Dutch court after it was determined the struggling sports car brand, already behind in its payments... read more January 29, 2015 by Viknesh Vijayenthiran

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... read more December 18, 2014 by Viknesh Vijayenthiran

Saab 9-3 EV electric prototype shown by NEVS, 2014

Saab Owner NEVS Close To Reaching Deal With India’s Mahindra: Report

Earlier this month, cash-strapped Saab owner National Electric Vehicle Sweden (NEVS) asked a Swedish court to extend the period for its restructuring so that it could... read more December 10, 2014 by Viknesh Vijayenthiran

Spyker Files For Bankruptcy Protection, Says It Will Merge With Electric Aircraft Manufacturer

Still reeling from its failed attempt to rebuild Saab, Dutch sports car manufacturer Spyker has run into what the company describes as “short-term operational and... read more December 3, 2014 by Viknesh Vijayenthiran

Facing Bankruptcy, Saab Owner NEVS Says It Has New Asian Investor

The Saab name continues to be dragged through the mud, with its current owner, National Electric Vehicle Sweden (NEVS), struggling to stave off bankruptcy and secure a new... read more December 2, 2014 by Viknesh Vijayenthiran

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 Viknesh Vijayenthiran

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 Viknesh Vijayenthiran