GM American flag

Bondholders consider increased debt-for-equity-swap as GM bankruptcy looms

GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in precautionary preparations for filing a Chapter 11 may have galvanized action on the part of the bondholders. Allowing GM to go to... read more

April 15, 2009 by
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GM and Saab agree to five-year parts sharing deal

When the news of Saab being splintered from General Motors' holdings, many lamented the demise of the Swedish carmaker, assuming it would be unable to stand alone. But a new... read more March 25, 2009 by

2009 Saab 9-3

Bankruptcy rumors hurt residual values for GM and Chrysler

General Motors and Chrysler just can’t seem to get a break. Not only are they dealing with one of the worst market slumps to hit the auto industry in decades, fears of... read more March 22, 2009 by

Chrysler and GM Detroit headquarters

Chrysler: We’re a safer bet than GM

If asked whether General Motors or Chrysler were in a better financial position, many of us would conclude that GM looks better. However, Chrysler's chief financial officer... read more March 20, 2009 by

Jaguar XF assembly line

UK auto aid approved by EU, now accepting bids for share of £2.3 billion

The weak economy knows no borders, rampaging across the globe taking its toll in lost jobs and bankruptcies. The car industry in particular is no stranger to this strife, and... read more March 11, 2009 by

GM American flag

GM viability plan calls for $16.6 billion in additional aid, 47,000 job cuts

Chrysler’s request for an additional $2 billion in government funded loans in its latest viability proposal looks trivial compared to the $16.6 billion requested by... read more February 17, 2009 by

Chrysler CEO Bob Nardelli

Chrysler's viability plan requires additional $2 billion in loans

Building a foundation for the reconstruction of the industry, General Motors and Chrysler are required to submit new plans for viability today as part of the loan agreement... read more February 17, 2009 by

SsangYong C200 Crossover Concept

Russia’s Sollers seeking rights to SsangYong vehicles

Despite the attractive new C200 crossover concept debuted at last year's Paris Motor Show, the successful Rexton production SUV and the new-for-2008 Chairman W luxury sedan... read more January 15, 2009 by

pininfarina b0 electric concept 002

Pininfarina exits contract building, focusing solely on electric vehicles

This year has been a hard one for a lot of people, companies and industries. It has been an especially tough one for Pininfarina, losing its CEO, Andrea Pininfarina, to a... read more December 31, 2008 by

The White House

White House considering 'orderly bankruptcy' as an option for GM, Chrysler

Bankruptcy for one or more major carmakers as a solution to the current automotive downturn has been widely reviled as the worst possible alternative for the carmakers... read more December 18, 2008 by

GM and Chrysler logos

GM, Chrysler bankruptcy up to 400% more expensive than bridge loans, says study

If you listen to the CEOs and PR spin-doctors, bankruptcy has never been an option for America's carmakers, despite behind-the-scenes talk of 'Plan B' scenarios. It turns out... read more December 9, 2008 by

2011 Chevrolet Cruze

GM stocks nosedive after Deutsche Bank rating drops to $0

Teetering on the brink of the precipice is a fairly accurate description of General Motors' future, according to Deutsche Bank, which revised its valuation target of GM... read more November 10, 2008 by

Stile Bertone to become independent design firm

Stile Bertone To Become Independent Design Firm

Teetered on the edge of bankruptcy, Italian coachbuilder Bertone and its ‘Stile Bertone’ design house were approved today to be split into two independent... read more April 24, 2008 by

Bidding war over Bertone heats up

Bidding War Over Bertone Heats Up

Just a few weeks after Mahindra & Mahindra expressed their interest in purchasing the legendary coachbuilder and design house Bertone, China's FAW is throwing its hat in... read more April 1, 2008 by

Struggling Bertone could be sold to Indian firm

Struggling Bertone Could Be Sold To Indian Firm

Another legendary marque could be sold off to an Indian firm with news coming out today claiming Mahindra & Mahindra (M&M) is one of a number of firms interested in... read more March 17, 2008 by

Bertone edges closer to bankruptcy

Bertone Edges Closer To Bankruptcy

Bertone has been in financial trouble ever since a deal between it and Fiat to build several new Lancia models went sour back in April last year. The Italian coachbuilder has... read more January 31, 2008 by


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