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Takata Files For Bankruptcy - Chinese And US Buyers At The Door

TUE, 27 JUN, 2017

The company at the centre of the world’s biggest-ever safety recall has finally succumbed to the associated financial pressures.

De Tomaso Sold To Chinese Consortium For Lowly Sum

SAT, 2 MAY, 2015

What’s left of the once-great De Tomaso has reportedly been sold to a consortium of Chinese carmakers for just over one million euros (AU$1.4...

Google Nearly Bought Tesla Before Model S Turned It All Around, Book Claims

WED, 22 APR, 2015

The year was 2013, and Tesla CEO Elon Musk sought to do what Tesla fans might consider a most unusual step; sell the carmaker to Google and work fo...

Saab Gets New Lease On Life As Court Approves NEVS Reorganisation

THU, 16 APR, 2015

National Electric Vehicle Sweden’s (NEVS) time as owner of Saab will continue for the foreseeable future, following a court ruling in Sw...

Spyker Declared Bankrupt: Official

FRI, 19 DEC, 2014

Spyker has officially been declared bankrupt by a Dutch court, following a hearing this week into the carmaker’s finances.

Mahindra Close To Securing Majority Stake In Saab: Report

FRI, 12 DEC, 2014

Saab has dodged the bankruptcy bullet several times in the last six months, and the Swedish carmaker has always maintained that it was in talks wit...

Saab Owner NEVS Close To Securing New Asian Backer

TUE, 2 DEC, 2014

National Electric Vehicle Sweden (NEVS) says it is close to signing a deal with a major carmaker, which would once again save the Saab brand from e...

Saleen On The Verge Of Bankruptcy

MON, 1 DEC, 2014

US performance tuner Saleen is believed to be close to bankruptcy, following the release of the company’s latest financial statement.

Saab: New Production Delays Sees NEVS Sack 200 Workers

THU, 25 SEP, 2014

Cash-strapped Saab has hit a new bump in its journey to recommence production, with the Swedish carmaker's parent NEVS forced to immediately la...

Saab Back From The Brink With Bankruptcy Protection

SAT, 30 AUG, 2014

Just 24 hours after Saab appeared to be down for the count, the carmaker has been granted temporary bankruptcy protection by a Swedish court.