bankruptcy

 
NEVS starts production of 2014 Saab 9-3

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 investor. NEVS purchased the assets of Saab in late 2012 after the Swedish automaker’s previous owner Spyker went... read more

December 2, 2014 by
 
Caterham Formula One car

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


 
2014 Saab 9-3 Aero

Up To 200 Saab Employees To Be Let Go

Saab’s owner National Electric Vehicle Sweden said it intends to lay off up to 200 of the Swedish automaker’s employees as it attempts to reduce costs during its... read more September 24, 2014 by


 
2013 Wiesmann GT MF4-CS

Wiesmann Seeks New Investors

Wiesmann, the German manufacturer of lightweight, retro-styled sports cars powered by BMW M engines, finally went out of business earlier this year after several years of... read more September 5, 2014 by


 
2014 Saab 9-3 Aero

Facing Bankruptcy, NEVS Loses Rights To Saab Name

Saab owner National Electric Vehicle Sweden recently ran out of cash but on Friday was thrown a lifeline by a Swedish court, which has given the struggling firm time to... read more August 31, 2014 by


 
NEVS starts production of 2014 Saab 9-3

UPDATE: Bankruptcy Protection Of Saab Owner NEVS Approved

Saab’s current owner National Electric Vehicle Sweden is on the verge of bankruptcy but the firm has been thrown a lifeline by a Swedish court. The district court of... read more August 29, 2014 by


 
2014 Saab 9-3 Aero

UPDATE: Saab Owner’s Bankruptcy Petition Withdrawn, Investor Talks Ongoing

Yesterday, it was reported that suppliers to Saab had petitioned a Swedish court to declare the struggling automaker’s latest owner, National Electric Vehicle Sweden... read more August 14, 2014 by


 
Bertone logo

Stile Bertone Declared Bankrupt, Assets Go Up For Sale

Italy's Bertone, established in 1912 as a coachbuilder, has been hit hard by financial strife in the past decade, with the company forced to end its vehicle manufacturing... read more July 11, 2014 by


 
2013 Wiesmann GT MF4-CS

Boutique Carmaker Wiesmann Out Of Business

German boutique sports car maker Wiesmann, creator of the odd but iconic MF4 and MF5, has finally gone out of business after a drawn out insolvency. Last summer, Wiesmann... read more May 7, 2014 by


 
1970 Bertone Lancia Stratos HF Zero

Bertone Confirms Bankruptcy, Searches For Buyer

Legendary Italian styling house Bertone confirmed that it has entered bankruptcy proceedings. The Telegraph reports that the company has racked up significant debt, and that... read more March 26, 2014 by


 
Aston Martin centenary drive at the Nürburgring

Nürburgring Saved? Capricorn Group Buys Famed Track

Fans of motorsport around the world have been experiencing low-level anxiety over the future of the Nürburgring for years now. In 2012, the track declared insolvency... read more March 11, 2014 by


 
The New Fisker Automotive

Wanxiang Launches 'The New Fisker' Website, Says Atlantic Is The Future

The American arm of Chinese auto parts giant Wanxiang recently bought up the assets of bankrupt electric car startup Fisker Automotive and has now confirmed by way of a... read more March 7, 2014 by


 
Fisker Atlantic Design Prototype  -  2012 New York Auto Show

China's Wanxiang wins Fisker auction with $149.2 million bid

A U.S.-based arm of Chinese supplier Wanxiang (Wanxiang America Corporation) was the successful bidder in an auction of the assets of bankrupt electric car startup Fisker... read more February 16, 2014 by


 
2012 Fisker Karma

Fisker's New Owner May Not Have Access To Brand Name, Logo

You'd think a company's name and logo were among the standard items of any business buying up the assets of a bankrupt firm, but in the case of Fisker Automotive's... read more February 5, 2014 by


 
2012 Fisker Karma EcoSport

Fisker Wants Court To Reject Wanxiang Bid, Cites It As Cause Of Bankruptcy

Bankrupt automaker Fisker Automotive is urging courts to approve the sale of its assets to a Hong Kong company currently bidding on it, in the hope that it can prevent... read more January 3, 2014 by


 
2012 Fisker Karma EcoChic, New York City, Jan 2012

Fisker Founders Sued Over Company Collapse

The woes of Fisker Automotive, the electric car startup that filed for bankruptcy late last year after a series of insurmountable problems, don't look like stopping any time... read more January 2, 2014 by


 
 

 
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