The Fisker Automotive saga continues, and a federal bankruptcy judge would like to see the story wrap up soon. The bankruptcy filing from November 22 could reach completion on January 3 of the new year under a faster-than-normal sale process approved by US Bankruptcy Judge Kevin Gross, according to Bloomberg. The traditional bankruptcy bidding procedures will be circumvented, and Gross admitted that it is a bit odd. "It is unusual to have, obviously, a sale without bidding procedures" and an auc
- Jon LeSage
- Jun 4, 2013
The dust is starting to settle for Coda Automotive as it wends its way through bankruptcy proceedings. While formal agreements needed to be submitted to the court for approval, the judge granted a request by the parties to sign final orders approving the failed electric carmaker's debtor financing and sale plans.
- Autoblog Staff
- Mar 30, 2012
Azure Dynamics, which develops electric-drive powertrains for automakers such as Ford, said this week that it will file for financial protection from its creditors under Canadian law and will cancel its plans to sell shares in what may be a precursor to a bankruptcy filing.
- Danny King
- Mar 28, 2012
Azure Dynamics, which develops electric-drive powertrains for automakers such as Ford Motor Co., said it will file for financial protection from its creditors under Canadian law and will cancel its plans to sell shares in what may be a precursor to a bankruptcy filing.
- Chris Shunk
- Aug 26, 2011
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 like it has cooties.
- Chris Shunk
- May 11, 2009
To stave off bankruptcy, General Motors must rework its union contracts, drastically cut its capacity, workforce and dealer networks – and convince creditors to take 10 cents on the dollar on $27 billion in unsecured debt. In two months. That's a herculean task for any company, much less for a monolith the size of The General.
- 2018 Honda Accord First Drive
- 2018 Mitsubishi Outlander PHEV First Drive
- Updated Crossover Buying Guides
- Leaked 2018 Honda Gold Wing photos
- Mercedes-Benz GLC-Class earns top IIHS rating
- Find and compare 2018 models