#Bankruptcy

The Skip Barker Racing School is reportedly filing for bankruptcy and has somewhere between $10-million to $50-million in outstanding liabilities.

For many in the automotive world, it’s hard to believe nearly a decade has passed since GM and Chrysler filed for bankruptcy.

Saab may be on the brink of bankruptcy, again.

It might be time to start saying “buh-bye” to Italian automotive design house Bertone. 

German sports car maker Wiesmann has filed to dismiss insolvency proceedings from earlier in the year.

Comebacks are all the rage these days. Like Marshall Mathers, the Coda EV is “back, back again,” arriving on sale for customers who missed out on buying one before the company went bankrupt.

Despite the city filing for bankruptcy, the 2014 Detroit Auto Show will continue unaffected.

What do JC Penney and Mitsubishi have in common? According to 247wallst.com neither will be around in 2014.

With a heavy heart the staff of AutoGuide.com say goodbye to 2012, along with its triumphs and tragedies. We await the New Year with open arms, and welcome its promise of a better world.

Despite filing for Chapter 11 last month, American Suzuki Motor Corporation (ASMC) is buying an additional 2,500 vehicles from Japan to sell in the U.S. market.

Bankrupt battery maker A123 Systems was scheduled to go up for auction today behind closed doors at a Chicago law firm, but the list of bidders is likely to cause trouble.

Suzuki is scrambling to sell its remaining stock in the U.S. and to a certain extent it seems to be working.

Bold and ambitious, Victor Muller founded Spyker Swedish exotic sports cars before purchasing Saab, believing in its return to past glory under his leadership. Confident in his abilities, Muller’s gamble on Saab put Spyker in danger as well.

Just yesterday we reported that Saab has announced that it will not honor any warranties effective immediately and they also advised their dealers to sell off the remaining cars ‘as is.’

Despite being officially declared bankrupt,  Saab still has organizations willing to snap up the remnants, as the former Swedish carmaker goes into liquidation.