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10 years later, a look back at U.S. auto industry’s near-death experience

Chrysler and GM were prepping for bankruptcy; now, what does the future hold?

Chrysler and GM were prepping for bankruptcy; now, what does the future hold?

Report
GM Korea delays vote on bankruptcy protection to Monday as talks fail

GM and labor union missed Friday deal deadline

General Motors' South Korean unit delayed a decision to file for bankruptcy protection until Monday afternoon, after the automaker failed to reach a wage deal with its labor union in time to meet a Friday deadline.

ETC
Report
Takata US subsidiary files for Chapter 11 bankruptcy

Bankruptcy opens the door to a financial rescue from U.S.-based auto parts supplier Key Safety Systems, which Takata tapped as its preferred financial sponsor as it must keep churning out millions of replacement airbag inflators.

Report
Caparo chairman dead, company on brink of bankruptcy

The patron behind the Caparo T1 supercar reportedly plummeted from a London penthouse to his death on Monday as the steel company over which he presides falls into bankruptcy administration.

Official
Spyker exits bankruptcy with electric aircraft company

Spyker has exited bankruptcy protection in the Netherlands, and is now preparing to merge with Portland-based electric aircraft manufacturer Volta Volaré.

Auctions
Erik Buell Racing assets to be auctioned

Bidding for the assets of bankrupt motorcycle manufacturer Erik Buell Racing are set to be auctioned on July 21.

Official
Saab tries [again] to emerge from bankruptcy

Saab, which is apparently still a thing, has come up with a new proposal that squares things with creditors, moves it out of bankruptcy and courts new OEMs.

Auctions
Caterham F1 assets up for auction

Any remaining questions over the future of the Caterham F1 team can finally be put to rest as its assets are put up for auction.

Official
Court vacates Spyker bankruptcy, plans for merger, Venator and electric cars

Dutch courts have granted Spyker's petition and overturned a previous bankruptcy ruling, paving the way for the exotic automaker to get back in business - with plans to produce the B6 Venator, merge with an electric aircraft manufacturer and produce its first electric vehicle.

Motorsports
Marussia F1 gets unnamed investor

A mystery investor is reportedly swooping in at the last minute to save the Marussia F1 team from bankruptcy in time to get it back on the grid for the 2015 Formula One World Championship.

Followup
Spyker 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.

Official
Spyker 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.

Followup
Caterham 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.

Report
GM 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.

Motorsports
Marussia 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.

Motorsports
Caterham 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.

Report
Wiesmann 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

Report
Saab 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.

Report
New 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.

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