bankruptcy

 
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 soon. Investor group Atlas Capital Management LP is suing Fisker co-founder Henrik Fisker as well as several former directors... read more

January 2, 2014 by
 
9ff Porsche GT9-R

Porsche Tuners 9ff And speedART File For Bankruptcy

The European car market continues to decline as the economies of most of its nations spiral downward, and the toll on the upper end of the custom and tuner segment continues... read more September 17, 2013 by


 
2013 Gumpert Apollo S

Gumpert May Finally Be Down For The Count

If you're a fan of visually unappealing yet wildly potent automobiles, the Gumpert Apollo is probably your desktop background right now. Founded in 2004 by ex-Audi Sport... read more August 29, 2013 by


 
Wiesmann MF5 Roadster

Sports Car Brand Wiesmann Files For Insolvency

Luxury sports car maker Wiesmann has filed for insolvency in its native Germany, the latest niche automaker to be hit by the downturn of the European new car market. Wiesmann... read more August 19, 2013 by


 
City of Detroit, by jdurchen [Flickr]

City Of Detroit Files For Bankruptcy: Video

Detroit, once America’s fourth biggest city and still the heart of the country’s auto industry, filed for Chapter 9 bankruptcy protection in a federal court late... read more July 18, 2013 by


 
Spyker B6 Venator concept car, 2013 Geneva Motor Show

Spyker Will Appeal Dismissal Of $3 Billion Lawsuit Against GM

Spyker will appeal last week’s court decision to dismiss the Dutch sports car manufacturer's $3 billion lawsuit originally filed against General Motors almost a year... read more June 21, 2013 by


 
2011 Saab 9-5 and 2011 Saab 9-4X

Judge Sides With GM In Dismissal Of Spyker’s $3 Billion Lawsuit

In August of 2012, Spyker filed a $3 billion lawsuit against General Motors in a U.S. District Court in Michigan, alleging that the American auto giant deliberately forced... read more June 11, 2013 by


 
Screen capture from video by Aaron Wood of fire in 2012 Fisker Karma in Wooside, CA, August 2012

Fisker Automotive: The Final Flameout?

This morning, Fisker laid off all of its communications staff and most of the rest of its labor force. Far from the beginning of the end, the news today comes as the final... read more April 5, 2013 by


 
Irwindale Speedway - Image courtesy of Irwindale Speedway

Oval Track Racing To Return To Irwindale Speedway In 2013

In February, we heard the sad news that Irwindale Speedway was closing its doors and canceling all events for the remainder of 2012 due to the bankruptcy of its operator... read more December 18, 2012 by


 
Saab 9-3 Cabriolet Independence Edition - image: KVD Auctions

The Last Production Saabs Head To Auction

In the 2009 horror-comedy motion picture Zombieland, actor Woody Harrelson’s character wanders a ruined America, in search of the last remaining Hostess Twinkie... read more November 28, 2012 by


 
Gumpert Enraged live photos, 2012 Geneva Motor Show

Supercar Maker Gumpert Restarts Production, Despite Insolvency

In August, we heard the sad news that Germany’s Gumpert Sportwagenmanufaktur, maker of the legendary Apollo line of supercars, was forced to start insolvency... read more November 14, 2012 by


 
Gumpert Enraged live photos, 2012 Geneva Motor Show

Supercar Builder Gumpert Saved By New Investor: Report

This year has not been kind to sports car or race car manufacturers. In August, boutique German sports car builder Melkus announced it was filing for bankruptcy, followed a... read more October 19, 2012 by


 
A Lola chassis

Race Car Manufacturer Lola Ceases Operations

Legendary British engineering firm and race car constructor Lola Cars, established in 1958 and based in Huntingdon, England, has ceased operations after entering... read more October 10, 2012 by


 
Artega GT sports car

Artega’s New Owner Ceases Production Of GT Sports Car

Production at niche sports car manufacturer Artega, based in Delbrück, Germany, has come to an end, with the company stating on its website that the last of its Henrik... read more October 5, 2012 by


 
Saab logo

NEVS finalizes Saab acquisition, gets permission to use Saab name

Following its announcement in June to acquire the remaining assets of bankrupt Swedish automaker Saab, as well as the assets of subsidiary firms Saab Powertrain and Saab... read more September 3, 2012 by


 
Gumpert Apollo R live photos

Supercar Maker Gumpert Declares Insolvency

Just when it looked like the bankruptcies and bottoms-dropping-out of the car industry were behind us, Gumpert announces that it has applied for insolvency proceedings in its... read more August 30, 2012 by


 
 

 
© 2019 MH Sub I, LLC. All Rights Reserved. Stock photography by izmostock. Read our Cookie Policy.