bankruptcy

 
Carbon Motors E7

It's A 187 On The Carbon Motors Cop Car Dream, E7 Up For Auction

It's never easy to create a new version of something that already exists in a given market. Take, for example, the police car. For decades, the Ford Crown Victoria has been the king of the cop cruiser hill. Unfortunately, the Panther platform was retired, which means no new Crown Vics were on the... read more

November 15, 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


 
Melkus RS2000 GTS

German Sports Car Manufacturer Melkus Files For Bankruptcy

As recently as March of this year German sports car manufacturer Melkus was making headlines with new model introductions, however, things have turned sour since then and now... read more August 22, 2012 by


 
Porsche at the 2011 Nurburgring 24 Hours

Nürburgring Gets Temporary Reprieve With German State Loan

When the Nürburgring was forced into bankruptcy last month, the future of the storied racetrack looked bleak, at best. No one knew what would happen to the circuit... read more August 2, 2012 by


 
Porsche at the 2011 Nurburgring 24 Hours

Nürburgring Operator Files For Bankruptcy

Despite its significant links with the auto industry and the world of motorsports, the Nürburgring race track is in severe financial distress, with news coming overnight... read more July 19, 2012 by


 
 

 
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