Post Tagged with: "bankruptcy"

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Takata succumbs to airbag scandal, declares bankruptcy

Takata succumbs to airbag scandal, declares bankruptcy

Japanese automotive parts supplier and airbag manufacturer Takata – one of the most important automotive safety suppliers but made famous by the airbag scandal – has officially went into bankruptcy protection in Japan and the United States. Live during a special news conference in Tokyo, CEO Shigehisa Takada took a […]

Can Spyker survive coming out of bankruptcy, again?

Can Spyker survive coming out of bankruptcy, again?

The exclusive and stylish Dutch sports car manufacturer Spyker has made another Phoenix-like move, emerging out of bankruptcy and nailing a victory against a crucial creditor. But what comes next for the boutique marquee is anyone’s guess – the latest statement from the car company had no words on the […]

Spyker secures court win against bankruptcy

Spyker secures court win against bankruptcy

Dutch supercar maker Spyker had been struggling financially for quite some times now, but in a recent turn of events the company caught a break and secured a positive result for its appeal against entering the bankruptcy procedures. Spyker CEO Victor Muller even claims the firm will continue its goal […]

Spyker declares bankruptcy

Spyker declares bankruptcy

On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan that would revive its finances and restructuring. Founded in 2000, the company applied for protection from creditors but failed in its attempt earlier this month. The latest actions of Victor […]

US: GM’s bankruptcy judge ready to retire

US: GM’s bankruptcy judge ready to retire

Robert Gerber, the New York bankruptcy judge that has guided General Motors through its 2009 government sponsored bankruptcy process and is now involved in the fallout of the company’s ignition switch debacle, has announced his retirement. The well-known judge is ready for retirement but the court will not lose his […]