bankruptcy
Bloodhound land speed record project saved by buyer
A savior for Bloodhound Programme Ltd, the company working on an attempt to smash the land speed record for a steerable car, has been found. The savior is Ian Warhurst, who it was announced on Monday is the new owner of Bloodhound Programme. It isn't clear how much Warhurst paid for Bloodhound... read more
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... read more September 19, 2018 by Sean Szymkowski
Major classic car dealer and restorer JD Classics hits financial troubles
Classic car sales have been on a tear for the past decade but that hasn't insulated one of the biggest names in the business from becoming insolvent. British firm JD... read more September 12, 2018 by Viknesh Vijayenthiran
Bob Lutz: Tesla is “going out of business”
After questioning the viability of Tesla two years ago in an op-ed titled “Is Tesla Doomed?,” Bob Lutz is now flat out stating the company is going out of... read more November 21, 2017 by Viknesh Vijayenthiran
Skip Barber Racing School files for bankruptcy, seeks buyer
Famed driving instruction academy Skip Barber Racing School on Tuesday filed for bankruptcy. Specifically, the school, which has coached drivers since 1975, filed for Chapter... read more May 24, 2017 by Sean Szymkowski
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 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
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