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Pescarolo may continue as a team owner even after liquidation


Pescarolo Team went into liquidation on Tuesday, but sportscar legend Henri Pescarolo does not exclude continuing as a team owner. His company was liquidated by a French court after a six-month period during which it was protected under law from its creditors in a procedure similar to Chapter 11 in the U.S. The team had to present a survival plan to ...
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Italy region to sell troubled sports-car maker De Tomaso
The Italian region of Piedmont has initiated contacts with several automobile manufacturers, including BMW, to discuss the sale of troubled sports-car maker De Tomaso, a trade union said in a ...
Old GM officially dead
General Motors Corporation was shut down on December 15 2011, 103 years after if was founded. The „Old GM”, as it was known after the 2009 government bailout founded the new ...
Official: Saab will appeal against Court
Swedish Automobile NV, the owner of the 64-year-old Saab car brand, said Friday it aims to submit on Monday an appeal against a court ruling that rejected Saab's proposal for ...
Saab end near: Court denies Saab creditor protection
Saab's application for protection from its creditors has been rejected by a Swedish court, the automaker said in a statement on Thursday, which means that liquidation may be its only ...
Sauber, Lauda sponsor in financial strife – reports
(Inautonews.com/GMM) A sponsor of the Sauber team is in financial trouble, according to German-language reports. The Austrian newspaper Die Presse said the owner and founder of the Liechtenstein based Money Service ...

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