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Browse bankruptcy articles
Ally Financial reached a deal with Residential Capital’s major creditors which would allow the company to complete its bankruptcy restructuring. This move is expected to allow the US Treasury, which still owns 74% of Ally, to begin the exit. Ally said that the plan reached with ResCap’s major creditors will settle the claims between the two companies and add other potential ...
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More bankruptcy articles
Another green car startup, Coda Holdings, failed to break into the mass market as today, May 1st, it filled for Chapter 11 bankruptcy protection.
After Coda Holdings sold only 100 units ...
Yesterday, April 24th, Fisker announced during the congressional hearing it is considering filling for bankruptcy.
The House Oversight and Government Reform Committee recently released new documents according to which the struggling ...
According to an anonymous source, the troubled Fisker Automotive has hired law firm Kirkland & Ellis to give advice on possible bankruptcy filing.
After Chinese company Dongfeng dropped its bid for ...
After struggling for years with bankruptcy talks and financial problems, the famous Nurburgring is officially up for sale.
Jens Lieser, the state-appointed liquidator, said that the entire thing is for sale, ...
Ford was sued by more than 1,400 former UK employees for making misleading statements about the transfer of their pensions to Visteon Corporation during the spinoff of the auto parts ...
China's largest auto parts manufacturer won U.S. government approval to buy A123 Systems, a bankrupt maker of electric car batteries that was funded with federal money.
According to a source familiar ...
American Suzuki Motors says that demand for its vehicles increased after the company filed for bankruptcy.
In November, American Suzuki’s sales increased 22% to 2,224 units and they continued to go ...
A123 Systems has received a $946,830 payment from the US Energy Department exactly the day when it filed for Chapter 11 bankruptcy protection.
According to Reuters, the payment was approved on ...
On December 6th, Wanxiang Group and Johnson Controls will take part at the auction to buy bankrupt A123 Systems.
Besides Chinese Wanxiang Group and US Johnson Controls, who recently offered to ...
Tesla attracted Chrysler’s rage when it said yesterday, May 22nd, that it is the "only American car company to have ...
May 23 (GMM/Inautonews.com) Mercedes is right on course for victory in Monaco this weekend.
That is the view of Alex ...
GM plans to build four new plants in China by 2015, according to Nanfang Daily newspaper.
GM recently announced that it ...
Toyota increased the global production target for the Toyota and Lexus vehicles in the April-September period by about 150,000 units, ...
May 23 (GMM/Inautonews.com) Williams could switch to Mercedes power, Germany's Auto Motor und Sport is reporting.
Currently, the British team ...
May 23 (GMM/Inautonews.com) Force India will oppose any move to alter Pirelli's existing 2013 tyres.
It has emerged in the ...
The Italian based automaker Maserati has recently put a stop to rumors which were saying that the company will produce ...
The Japanese based automaker Mitsubishi might bring the new Attrage to the United States in the future.
After it was officially ...
Alfa Romeo has recently announced its plans to introduce another special edition of the Giulietta, named the Collezione Limited Edition, ...
The North American based automotive giant, General Motors, has recently announced a recall for the Cadillac SRX, because the vehicles ...
After Ford announced it will stop production in Australia, only two automakers were left standing: Holden and Toyota.
The auto manufacturing ...
The driver of a Ferrari F430 has been killed in China after his Italian supercar has collided with a truck, ...
Mercedes-Benz has recently announced the official price list for the E-Class Coupe and Cabrio in the United Kingdom.
According to the ...
The Japanese based automaker Nissan has recently announced a recall for the Micra and Cube vehicles, because of a problem ...
May 23 (GMM/Inautonews.com) World champion Sebastian Vettel has hit back at claims Monaco holds only a dubious place on ...
May 23 (GMM/Inautonews.com) Mercedes on Thursday hit back at reports Lewis Hamilton racked up a huge damage bill after ...
A Lamborghini Gallardo supercar has been recently crashed in China by a journalist, during a press event.
We have always said ...
The Chevrolet Spark EV subcompact will cost in the US with 38% less than the hybrid Volt.
The 2014 Spark EV ...
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