bankruptcy
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 business. “The company, folks, is going out of business,” he told CNBC in an interview Friday. “At this rate... read more
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
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
Marussia F1 Team Enters Administration, Seeks Buyer
Just days after the Caterham F1 Team’s financial troubles were revealed, it’s emerging that fellow Formula One team Marussia is also struggling and has just... read more October 27, 2014 by Viknesh Vijayenthiran
Caterham F1 Team’s Future In Jeopardy
The Caterham F1 Team is currently on shaky ground following news Caterham Sports Limited (CSL), an entity that builds the actual cars for the team, is in administration and... read more October 23, 2014 by Viknesh Vijayenthiran
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