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    Report: Court extends Saab reorganization bid until end of November

    Saab parent company National Electric Vehicle Sweden refuses to go down without a fight. After a recent trip to court, the company is emerging with an extension on its reorganization until November 29. According to Europe Online Magazine, there's also an appointed committee of creditors and union ...

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    Report: GM headed for another big overhaul?

    We talk a lot about global platforms and global powertrains, but the truly global corporation is much stronger in idea than in practice. General Motors CEO Dan Akerson is the latest to take a stab at creating a truly international company, preparing to stir up the entire organization with ...

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    Breaking: Sweden approves protection for Saab after all, automaker to reorganize

    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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    Let's Make a Deal: Chrysler, Canadian Auto Workers agree on union concessions

    The April 30th deadline to reorganize looms larger by the second, and Chrysler is scrambling to make deals that could theoretically help it stave off a bankruptcy filing next week. For that to happen. Chrysler needs to get concessions from labor unions and lenders that make the financial situation ...

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    Chrysler brass sends letter asking CAW workers for concessions. Workers burn it.

    It boils down to this: In 12 days, Chrysler's fate is likely to be sealed, one way or another. Both the United States and Canadian federal governments have told the automaker that in order to get continued funding, it must restructure dramatically. After consulting with his task force on the auto ...

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    TRUST successfully reorganized in Japan, GReddy in the U.S. churning along

    This past September, Trust Co. LTD – the parent company of GReddy Performance Products in the U.S. – declared the Japanese equivalent of Chapter 11. According to a release from the aftermarket parts supplier, Trust has successfully completed the reorganization process (known in Japan as ...

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    Saab files for bankruptcy in Swedish courts, wants $1B

    General Motors confirmed this morning that Saab's days as a part of the Detroit-based company are numbered. The Swedish brand has filed paperwork with courts in its home country for reorganization that would lead to its independence. This self-managed reorganization is analogous to the U.S. Chapter ...

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    Opinion: What should happen to Saturn, Vauxhall and Opel during GM's reorganization?

    Amidst all the recent bailout talk, one question being asked is what role GM's Opel division will serve in a new-and-hopefully-improved General Motors. More succinctly, will Vauxhall and Saturn soldier on unchanged or will they simply fade into automotive landscape? Automotive News seems to think ...

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    Tesla reorganized, fired founder Eberhard upset

    Michael Corleone said it best, "It's not personal, it's business." There's been a lot of turmoil in the Silicon Valley hills lately as the Tesla Motors saga continues. Departed founder Martin Eberhard reports on his blog at that the reorganization has been a "bloodbath" and ...


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