/

Browse bankruptcy articles

US: bankruptcy judge says GM committed fraud if it purposely hid the switch defect


US Bankruptcy Judge Robert Gerber held a hearing in his New York court on whether plaintiffs seeking compensation over the lost value of their GM cars could go on with their cases. General Motors, besides the lawsuits from victims and families victims seeking compensation in relation to the mishandling of the now famous ignition switch defect, also has to face numerous ...
Read more

related more
spacer
spacer

More bankruptcy articles

Bankruptcy judge to review GM recall dispute today
GM is facing an ardent legal battle from customers who claim compensation over the lost value of their recalled cars, who had flaws hidden by GM during the 2009 bankruptcy ...
GM bankruptcy task force unaware of ignition problem
Two of the former members of the US federal auto task force that were implicated in the overhauling of General Motors during its troubled 2009 bankruptcy disclosed they knew nothing ...
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 ...
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 ...

latest automotive news
2015 nose rules benefit Mercedes, Ferrari
Sep.30 (GMM/Inautonews.com) Two teams already have a "big head start" when it comes to the 2015 regulations, according to ...
Nissan GT-R hits tree in New Zealand
The driver of a Nissan GT-R has completely ruined his ride after losing control of the wheel and smashing into ...
ARK Performance Hyundai Genesis previewed for SEMA
The 2014th edition of the SEMA Motor Show is just around the corner and ARK Performance is providing us with ...
[VIDEO] See Jay Leno protect his McLaren P1 from paint chips
Famous petrol head Jay Leno has given some serious attention to its newest ride, the McLaren P1, which will now ...
2016 Chevrolet Camaro spied once more
The future generation of the Chevrolet Camaro has been caught on camera once more, while it was being tested out ...
Lexus GS F caught on the open road
Our spy photographers have managed to capture the upcoming Lexus GS F on camera, as it was being tested out ...
Opel Corsa OPC spied
The German based automaker Opel is currently testing out a new top of the line version of the current Corsa, ...
Vilner transforms BMW M6 into unrecognizable vehicle
A BMW M6 Convertible has been drastically transformed by Bulgarian aftermarket specialists from Vilner into an unrecognizable vehicle. BMW fans who ...
Recall roundup: Toyota Tacoma for rear suspension problems
Toyota has issued a recall for the Tacoma pickup trucks because of a problem with the rear suspension system which ...
Australia – Mercedes-AMG Performance Studio C63 AMG Edition 507 unveiled
The Mercedes-AMG Performance Studio has recently pulled the wraps off the one-off C63 AMG Edition 507, a vehicle created exclusively ...
Recall roundup: Opel Adam and Corsa for urgent steering problems
Opel / Vauxhall has issued a global recall for the 2014 Corsa and Adam models because of a problem with ...
Do you know who’s the automotive king of America?
Another year, another Forbes 400 is out. And sniffing through the comprehensive list of larger than life bank accounts, we ...
Cadillac CTS-V rendered
Cadillac’s upcoming performance sedan, the CTS-V, has been recently rendered and we can now see how it may look like ...
US: Los Angeles motorists lose $2,500 annually according to study
A report compiled by TRIP, a Washington transportation research group, sees Los Angeles’ drivers spending no less than $2,458 per ...
U.S. – First BMW M3 delivered gets tuned by MORR Wheels
The first 2015 BMW M3 delivered to the United States has been recently upgraded by the aftermarket specialists at MORR ...
[VIDEO] Jay Kay spotted in his Ferrari LaFerrari
Jamiroquai’s lead singer Jay Kay has been recently spotted while cruising his brand new ride, the impressive green Ferrari LaFerrari. Jay ...
US: worry-free list crowded with Japanese models
According to Cars.com, shoppers that want a hassle-free car ownership experience might do well to shop among the Japanese brands. ...
Ferrari F40 goes camping
Images with a legendary Ferrari F40 have went viral over the web after its owner has decided to take it ...