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0Report: Dealers trying to push Saab NA into bankruptcy 1328038260
Saab North America acknowledged that the chances were exceptionally slim, but it hoped to avoid bankruptcy long enough to give another company a chance to buy it. Shortly after Saab NA appointed a third-party administrator, McTevia & Associates, it was decided there was no way to save the ...
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Report: Memo says Bush administration almost pushed GM and Chrysler into earlier bankruptcy 1327418880
2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist. One of the last major decisions former President Bush made before he left office was to give Chrysler and General Motors a combined $17.4 billion to keep ...
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Report: Saab Cars North American undergoing bankruptcy liquidation 1327346880
It's a Saab story, we know, but this is – in all likelihood – the end of the road for Sweden's "other" automaker. Sure, there are still talks of one foreign entity or another picking up where GM and Swedish Automobile (Swan)/Spyker left off, but even if they do, they'll have a heck of ...
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Official: Saab Great Britain files for bankruptcy protection 1322591460
The Great Saab Sob Story of 2011 continues unabated as Saab Great Britain has officially filed for bankruptcy protection. Saab GB is a wholly owned subsidiary of Swedish Automobile N.V., the parent company of Saab, and has the exclusive rights to distribute Saab automobiles in the UK. There are ...
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Report: Maybach Cruiserio Coupe bites the dust as Xenatec declares bankruptcy 1320699600
You just can't catch a break in this world if your name is Maybach. The superlux Daimler division has had trouble selling enough vehicles to seriously challenge the likes of Bentley and Rolls-Royce – divisions of arch-rivals Volkswagen and BMW, respectively. It can't seem to broker a viable ...
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Report: Delphi planning $550M IPO 1320672720
It took Delphi four years to exit bankruptcy, but after a major restructuring and staggering losses, the parts maker is once again ready to sell shares to the public. The Detroit News reports that Delphi will offer a $550-million stock offering later this month. The move comes after Delphi ...
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Breaking: Sweden approves protection for Saab after all, automaker to reorganize 1316611620
Rabbit. Hat. If this whole making cars thing doesn't pan out, Victor Muller and his team at Swedish Automobile N.V. would appear to have an excellent career in magic ahead of them. The executives behind troubled automaker Saab have earned the right to reorganize under government protection ...
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Official: Saab files for government protection, plans reorganization 1315404060
After a protracted battle for financial stability, Saab has filed for government protection. The official filing submitted this morning in Sweden isn't a liquidation, however, it's a bid for reorganization with the assistance of a government-appointed independent overseer. Saab boss Victor ...
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Report: Saab to file for protection from creditors 1314379800
To say that Saab has had a rough 2011 would be one heck of an understatement. Sales are trickling slowly, the automaker's Trollhattan plant hasn't consistently produced vehicles since late April because suppliers weren't getting paid, and a failed alliance is making the Swedish automaker look ...
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Report: Think Global files for bankruptcy 1308766920
When Ener1 abruptly ended its four-year-long deal with Think Global, saying that its investment was "impaired," we had reason to worry. Now comes word that the struggles continue to mount at Think Global and that the automaker has filed for bankruptcy. Again. According to a statement released by ...

