The Truth About Cars » Bankrupt http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Tue, 03 May 2016 20:50:04 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Delaware Bankruptcy Judge Approves Sale Of Fisker Automotive to China’s Wanxiang http://www.thetruthaboutcars.com/2014/02/delaware-bankruptcy-judge-approves-sale-of-fisker-automotive-to-chinas-wanxiang/ http://www.thetruthaboutcars.com/2014/02/delaware-bankruptcy-judge-approves-sale-of-fisker-automotive-to-chinas-wanxiang/#comments Tue, 18 Feb 2014 17:50:27 +0000 http://www.thetruthaboutcars.com/?p=745993 Last week, Rueters reported that Wanxiang, a Chinese parts supplier, had won the bankruptcy auction for Fisker Automotive. The bid was valued around $149.2 million. The deal comes to close after a bidding war between Wanxiang and Hybrid LLC — a group who includes Richard Li, a Fisker investor and Hong Kong billionaire. In November, Fisker […]

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Last week, Rueters reported that Wanxiang, a Chinese parts supplier, had won the bankruptcy auction for Fisker Automotive. The bid was valued around $149.2 million. The deal comes to close after a bidding war between Wanxiang and Hybrid LLC — a group who includes Richard Li, a Fisker investor and Hong Kong billionaire. In November, Fisker […]

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Electric Car Maker Coda Goes Bankrupt http://www.thetruthaboutcars.com/2013/05/electric-car-maker-coda-goes-bankrupt/ http://www.thetruthaboutcars.com/2013/05/electric-car-maker-coda-goes-bankrupt/#comments Wed, 01 May 2013 11:56:14 +0000 http://www.thetruthaboutcars.com/?p=486918 Electric car startup Coda is the latest in a series of greenm dreams to go down the drain – and it won’t be the last. Coda filed for Chapter 11 bankruptcy protection today, writes Reuters,  “after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market.” […]

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Electric car startup Coda is the latest in a series of greenm dreams to go down the drain – and it won’t be the last. Coda filed for Chapter 11 bankruptcy protection today, writes Reuters,  “after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market.” […]

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Ur-turn: GM Not Going Bankrupt – For Now http://www.thetruthaboutcars.com/2012/08/ur-turn-gm-not-going-bankrupt-for-now/ http://www.thetruthaboutcars.com/2012/08/ur-turn-gm-not-going-bankrupt-for-now/#comments Sun, 19 Aug 2012 08:19:51 +0000 http://www.thetruthaboutcars.com/?p=457318 This time on Ur-turn, reader Erikstrawn weighs in on an issue that kept TTAC busy for years: Will GM go bankrupt?  After all those years, Forbes woke up to the issue and wrote a long article on same. While we are at it: Parts of the Forbes article was written with generous help from TTAC. […]

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This time on Ur-turn, reader Erikstrawn weighs in on an issue that kept TTAC busy for years: Will GM go bankrupt?  After all those years, Forbes woke up to the issue and wrote a long article on same. While we are at it: Parts of the Forbes article was written with generous help from TTAC. […]

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Über-Porsche Gemballa: Company Bankrupt, Boss Missing, Detectives in Johannesburg http://www.thetruthaboutcars.com/2010/02/uber-porsche-gemballa-company-bankrupt-boss-missing-detectives-in-johannesburg/ http://www.thetruthaboutcars.com/2010/02/uber-porsche-gemballa-company-bankrupt-boss-missing-detectives-in-johannesburg/#comments Tue, 23 Feb 2010 19:00:59 +0000 http://www.thetruthaboutcars.com/?p=346433 When I met Uwe Gemballa the first time, he looked like he could be the manager of the local strip club down the road: Shoulder long bleach blond hair, a flashy watch, a suit to match the watch, the shirt unbuttoned down to the chest. I then found out that he had brought a Porsche […]

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When I met Uwe Gemballa the first time, he looked like he could be the manager of the local strip club down the road: Shoulder long bleach blond hair, a flashy watch, a suit to match the watch, the shirt unbuttoned down to the chest. I then found out that he had brought a Porsche […]

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GM “Accelerates” $50m Payment to Delphi; Delphi Cuts Health Care http://www.thetruthaboutcars.com/2009/02/gm-accelerates-50m-to-delphi-delphi-cuts-health-care/ http://www.thetruthaboutcars.com/2009/02/gm-accelerates-50m-to-delphi-delphi-cuts-health-care/#comments Fri, 06 Feb 2009 13:51:46 +0000 http://www.thetruthaboutcars.com/?p=241362 If you’re familiar with Delphi—a former GM division with the words “bankrupt since October 10, 2005” over the door—then you’ll know that they’re a not-so-hidden cancer on GM cancerous corpse. Even as The General seeks to survive with a federal IV stuck in its metaphorical artery, it continues to peel off just enough cash—now your […]

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If you’re familiar with Delphi—a former GM division with the words “bankrupt since October 10, 2005” over the door—then you’ll know that they’re a not-so-hidden cancer on GM cancerous corpse. Even as The General seeks to survive with a federal IV stuck in its metaphorical artery, it continues to peel off just enough cash—now your […]

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