bankruptcy

 
2011 De Tomaso SLS (Sport Luxury Sedan) Concept

Italian Police Arrest De Tomaso Chairman

Just days after news that Italian automaker DeTomaso had filed for bankruptcy comes word that its chairman, Gian Mario Rossignolo, was arrested on allegations that some $9.2 million in public funds were used inappropriately in a botched turnaround effort. Rossignolo purchased the rights to the De... read more

July 12, 2012 by
 
2012 Saab 9-3 Griffin range

Saab's Last 900 Cars Head To Auction

If you thought you’d missed your chance to pick up a new Saab before the now-semi-defunct brand was gone for good, despair not: additional units, leftover from port... read more June 22, 2012 by


 
2013 Saab 9-3 test-mule spy shots

Saab's new owners revealed; What happens next?

Saab is dead; long live Saab. If that sounds contradictory, it isn’t, since the quirky-but-competent brand most of us have come to know and love is gone. The Phoenix... read more June 13, 2012 by


 
2011 Saab 9-5 and 2011 Saab 9-4X

New Saab Parts Division To Supply Spares For North America

While automaker Saab and its North American arm Saab Cars North America may be bankrupt, the legacy of the Swedish brand lives on in the thousands of Saab cars scattered all... read more June 6, 2012 by


 
2011 Saab 9-5

Swedish Union Seeks President Obama’s Help To Save Saab?

Despite Saab having several suitors interested in purchasing the brand, paying off its debts and restarting production, no deal could ever be finalized and the automaker... read more May 16, 2012 by


 
A Lola chassis

British Racing Firm Lola Appoints Administrator

British engineering firm and race car constructor Lola, established in 1958 and based in Huntingdon, England, has announced today that it is suffering from severe cashflow... read more May 16, 2012 by


 
2012 Saab 9-3 Griffin Aero

Mission To Save The Last Saab 9-3 Is A Success

Last week we brought you details about a plan to save what could potentially be the last Saab 9-3 ever built. The plan, organized by a group of Saab loyalists at SaabsUnited... read more May 9, 2012 by


 
2012 Saab 9-3 Griffin Aero

Mission To Save The Last Saab 9-3 Likely Ever Built

With Saab officially bankrupt and receivers now looking for bids on any remaining assets, activity at the automaker’s main facilities in Sweden is winding down and the... read more May 2, 2012 by


 
2012 Lotus Evora GTE live photos

Lotus Goes On The Defense With Bizarre Facebook Rant

Following recent reports that Lotus was ending sponsorship of the Lotus F1 team and, of more concern, could possibly be put into administration by its new parent, Malaysian... read more April 12, 2012 by


 
Spyker's propeller logo.

Swedish Automobile Changes Its Name To Spyker

In what is arguably the shortest corporate press release ever written, Swedish Automobile has announced it will change its name back to Spyker, pending approval from its... read more April 11, 2012 by


 
2013 Lotus Esprit Concept

Lotus In Trouble, May Be Sold To China’s Youngman: Report

Following yesterday’s news that Group Lotus was ending its sponsorship of the Lotus F1 team while leaving the team’s name unchanged, a new report suggests that... read more April 11, 2012 by


 
2011 Saab PhoeniX Concept

Youngman Prepared To Invest $1.8 Billion In New Saab Models

The fate of Swedish automaker Saab is now in the hands of the receivers appointed to oversee the company’s post-bankruptcy asset sell-off. While there are bids in house... read more February 20, 2012 by


 
Pininfarina logo

Pininfarina Reaches Debt Deal With Banks

Riddled with debt, legendary Italian coachbuilder and design house Pininfarina has announced that it has reached a debt restructuring deal with its lenders that provides the... read more February 16, 2012 by


 
2012 Saab 9-3 Griffin range

Youngman Reportedly Rebuffed In Bid To Acquire Saab

There may be one final sad truth to the history of Saab: in bankruptcy, the pieces that once made up the whole of the brand are worth more than the brand itself. Saab’s... read more February 3, 2012 by


 
saab badge

Sweden Repays Saab's EIB Loan, Becomes Its Largest Creditor

Sweden has stepped in to repay a loan between the European Investment Bank (EIB) and Saab, making it the single largest creditor of the now-defunct automaker. The loan, in... read more January 30, 2012 by


 
2006 Saab Aero-X Concept

Saab Museum Saved By $4 Million Pledge: Report

Last week we brought you the grim news that a prized collection of classic Saabs sitting in the official Saab museum in Trollhattan, Sweden, was going to be divvied up and... read more January 25, 2012 by


 
 

 
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