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10Spyker officially declares bankruptcy

Earlier this month, Spyker confirmed that it had entered bankruptcy protection proceedings in the hope of restructuring its finances and getting back on its feet. But now it seems those efforts have failed and those hopes have been dashed as the Dutch automaker has officially been declared bankrupt.

6Spyker files for bankruptcy protection

To say that Spyker has fallen on hard times in recent years would be a gross understatement, but now the troubled Dutch automaker has officially declared bankruptcy.

2Caterham F1 Team to make season finale, still lays off 230 workers

When the chips were down, and looked down for the count, the Caterham F1 Team launched a crowd-funding campaign to get back on the grid in time for the season finale. And now, it seems, they have succeeded.

22GM faces $2B hit if bankruptcy protection provision fails

General Motors could face settlements totaling near $2 billion if US bankruptcy judge Robert Gerber rules that executives knew the company might be liable to owners of cars with faulty ignition switches built before its July 2009 bankruptcy. An additional $500 million, according to calculations by Bloomberg News, could be added to that total for vehicles with bad ignition switches that were built post-bankruptcy.

17Marussia F1 team also declares bankruptcy

It looks like the 2014 FIA Formula One World Championship will wrap up with two fewer teams than it started. First the Caterham F1 team declared bankruptcy amidst an ownership dispute, and now the Marussia team has gone into bankruptcy administration as well.

AddCaterham F1 manufacturer files for bankruptcy

Caterham is hardly the most stable and successful team on the Formula One grid, but things are looking even more troubling for the embattled outfit, as the company that makes its racecars has reportedly filed for bankruptcy protection.

6Wiesmann still hoping for savior

The saga of Wiesmann dates back to the late 1980s when a pair of German brothers set out to make retro sports cars. The first model was built in 1993 and a steady stream of new coupes and convertibles powered by a variety of BMW engines trickled out of the factory ever since until the company ran into trouble a little over a year ago. Since then Wiesmann has meandered in and out of bankruptcy, but now the founding siblings are reportedly on the verge of securing new funding to get their company

AddSaab owners NEVS denied creditor protection by Swedish court

The story of Saab is practically a Greek tragedy at this point. The quirky Swedish automaker that was once known as a pioneer of affordable turbocharging has been followed by years of news that just seemed to keep getting worse. At this point, maybe the brand name should be allowed to fade away into the ether and be remembered for the good times that it gave us.

5New Fisker Karma spare parts coming soon

It's easy to fall in love with the Fisker Karma based on looks alone. Figure in the luxury interior, electric drivetrain, and the convenience of the extended range, and it's hard to fault anyone who took the plunge and plunked down their hard-earned dollars for this swank green machine. Things go wrong, sure, as they do with any vehicle, but when the company goes bankrupt and you can't get the parts to get your car running again, let's just hope you really like the way it looks in your garage.

22Saab's latest Chinese owners facing their own credit woes

Poor Saab, it can't seem to get a break. General Motors couldn't seem to make a go of it, neither could Spyker, and now it seems that its latest owner is encountering some problems of its own.

9Bertone can't part out historically protected collection despite looming bankruptcy

Some companies can survive long after their founder has left the building, while others are so centered around the identity of one individual that everything unravels in their absence. And there's arguably no place that can be seen more clearly than in the Italian automobile industry.

78New Fisker owner ready to go broke building EVs, challenging Tesla

Now this is the kind of fighting spirit we like to see. Lu Guanqiu is a Chinese billionaire who has visited the White House alongside Chinese president Hu Jintao in 2011. He's worth an estimated $3.1 billion. And he wants to take on Tesla Motors and other EV makers with his newly purchased company, Fisker Automotive.

28Former Treasury boss unaware auto task force fired GM's Wagoner

We dig a good political tell-all every once in a while (how else will we get our political fix while waiting for House of Cards' third season?). Today, we get just that from former Treasury Secretary Timothy Geithner's new book, "Stress Test," which details, among other parts of the 2009 financial catastrophe, the structured bankruptcy that allowed Chrysler and General Motors to emerge as competitive players in the auto industry.

9Fisker creditors want a repayment do-over

In February, the Chinese company Wanxiang won control of Fisker Automotive at a bankruptcy auction for a final bid of $149.2 million. The sale meant that Wanxiang would now have to deal with all of the creditors claiming that Fisker owed them money. Those individuals and groups had a combined $1 billion in claims, and they're not happy with how the bankruptcy is shaking out. In April, a settlement was announced that would see those unsecured creditors get back pennies on the dollar.

9Hybrid Tech just made $65 million from bankrupt Fisker loan

We can now see at least one possible reason for why Hybrid Tech Holdings LLC bought the US Department of Energy's loan to Fisker Automotive last year for $25 million. The purchase is apparently worth $90 million today.

31Chrysler dealers terminated in bankruptcy still stuck in court

Part of the deal for the federal bailouts of Chrysler and General Motors was that both organizations were required to trim their vast array of dealerships. This move did not sit well with the people that would be losing out on franchises, though, and in Chrysler's case, 148 of the shuttered dealers have fought for money they feel they are entitled to.

18Bertone goes bust

The famous Italian coachbuilder and designer Bertone may be on its deathbed. The company that penned the beautiful shape of the Lamborghini Miura has been facing financial hardships for months, and Autocar is reporting that the Turin, Italy firm has just declared bankruptcy.

10Fisker will borrow $5M from Wanxiang as interim solution

It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang Group. It's a start.

73Almost $1 billion in claims filed against bankrupt Fisker

You may have scoffed when the US Department of Energy sold the rights to its $168 million outstanding Fisker Automotive loan to Hybrid Tech Holdings last December for just $25 million, or about 15 cents on the dollar. It turns out that might be the going rate for anyone with claims against the bankrupt extended-range plug-in maker, though. That's because Fisker, which declared bankruptcy in November, has generated $985.4 million in claims from 618 not-so-happy parties, Delaware Online says, citi

52Why the $142M Fisker sale won't help DOE loan get its $168M back

At the beginning of 2014, it looked like Hybrid Tech Holdings LLC was going to buy the remains of Fisker Automotive for $25 million. Just before that sale was to take place, however, Wanxiang stepped in and an auction was therefore scheduled for the middle of February. After 19 rounds of apparently frantic bidding, Wanxiang drove away the winner with a $149.2-million bid. Despite the massive dollar run-up, the Department of Energy will not be recouping any extra money from its failed loan to Fis

AddWanxiang wants to restart Fisker Karma production as quickly as possible

It appears that Wanxiang America's $149.2-million acquisition bid was about more than just owning the assets of Fisker Automotive. The Chinese auto parts maker is apparently serious about getting the Karma plug-in hybrid luxury vehicle back on the production line.

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