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GM wants pre-2009 recall related lawsuits dropped


Because after July 2009, when it emerged from bankruptcy, General Motors became a new company, it now aims to dismiss any lawsuit that claims liability for crashes or other misconduct before that period. The company has moved to ask a federal bankruptcy judge to dismiss any lawsuits related to the company before its 2009 bankruptcy restructuring. At the moment, on April ...
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Report – Famous design house Bertone close to bankruptcy
The coachbuilder has struggled to garner any orders and is operating at a loss despite having a presence at recent European auto shows with custom concepts, such as the Bertone ...
Porsche Tuners SpeedART and 9ff Filed for Bankruptcy
Porsche tuners SpeedART and 9ff have recently filed for insolvency protection in Germany. As the auto market in Europe continues to struggle with the economic crisis and continuous decline, more and ...
Wiesmann goes into bankruptcy
In a sad turn of events, German sports car manufacturer Wiesmann has reportedly filed for bankruptcy, without revealing the motives. The process was made to a German district court in Münster ...
Congress Refuses to Offer Detroit Financial Bailout
Congress said it does not consider offering Detroit a federal bailout, after the city filed for Chapter 9 bankruptcy protection. Michigan Senator Carl Levin said that Detroit should first look for ...
Detroit’s Emergency Manager Says City Should Not Rely Only on Government Help
Detroit emergency manager said that the city must help itself and not wait for the government to come to its rescue. Kevyn Orr, who is charged with guiding the collapsed Detroit ...
Detroit Wants Initial Hearing in Bankruptcy Case on July 23rd
Detroit, which filed for bankruptcy on July 18th, wants to have its initial hearing on July 23rd. According to the Chapter 9 of the U.S. Bankruptcy Code the majority of lawsuits ...
Detroit Residents Doubt Bankruptcy Will Save the City
Detroit citizens have doubts that filing for bankruptcy was the right the solution to save the city. "Now is our opportunity to stop 60 years of decline," said Gov. Rick Snyder. Detroit ...
Detroit Files for Bankruptcy
Yesterday, July 18th, Detroit filed for bankruptcy, becoming the largest city in the US ever to take this step. Detroit, once seen as a symbol of the US auto industry, is ...
General Motors Plans to Save $1 Billion on Material and Logistic Costs
General Motors, once the largest carmaker in the world plans to save $1 billion by optimizing its logistics circuit and material costs, chief financial officer for North America Chuck Stevens ...

latest automotive news
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Apr.24 (GMM/Inautonews.com) Bernie Ecclestone on Thursday showed he has not lost his sense of humour, despite the seriousness of ...
Ecclestone smiles, jokes as bribery trial begins
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