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  • October 23, 2014
  • Last updated: 12:00am
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Results 1 - 10 of 12 for bankruptcy

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  1. Business - China Business - CARS

    Wanxiang to relaunch Fisker’s Karma hybrid car, sources say

    Posted Sep 19th 2014, 10:42am by Reuters

    ... Reuters in Beijing and Detroit Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch ... but their fortunes went in opposite directions. A series of missteps and recalls led to disappointing sales for Fisker and eventually the company’s bankruptcy filing. Wanxiang acquired Fisker’s assets ...

  2. Business - China Business - CARS

    Wanxiang's Lu Guanqiu on a mission to sell electric cars in US

    Posted May 20th 2014, 12:56am by BLOOM

    ... billionaire who bought Fisker Automotive Holdings at a bankruptcy auction is planning to build electric cars in the US, challenging Tesla Motors on its home turf. Lu Guanqiu, the chairman and founder ... plug-in hybrid sports car, the Karma, won raves for its low-slung design and rants from critics for its technical flaws. The US$103,000 Karma was made in Finland. Fisker filed for bankruptcy ...

  3. Business - China Business - CARS

    China's Wanxiang wins auction for troubled US hybrid-car maker Fisker

    Posted Feb 16th 2014, 05:10am by BLOOM

    ... times what the US company was seeking when it filed for bankruptcy. In winning the four-day auction, which went through 19 rounds of bidding, Wanxiang topped Hybrid Tech, a company led ... in assumed liabilities, Fisker said in a statement. US bankruptcy judge Kevin Gross was scheduled to consider approving the sale on Tuesday. When it filed for bankruptcy in November, Fisker asked ...

  4. Business - China Business - CARS

    Wanxiang says it will 'bid rationally' in Fisker electric car auction

    Posted Jan 24th 2014, 02:19am by Reuters

    ... for Fisker, a failed rival to Tesla in electric cars. California-based Fisker, backed by US taxpayer money, stopped making its sleek, Karma sports car in 2012 and filed for bankruptcy protection last November. Last month, just days before Fisker was to be sold to Hybrid Tech Holdings, an affiliate of Li's, Wanxiang made a surprise bid, prompting a US bankruptcy judge to call for an open ...

  5. Business - Companies - CARS

    Ford hands keys to new CEO as 'driverless' future looms

    Posted May 03rd 2014, 04:00am by Bloomberg

    ... also will take the board seat occupied by Mulally, the former Boeing executive who navigated Ford through the economic crisis without the bailouts and bankruptcies that befell the predecessors ...

  6. Business - Economy - CARS

    US carmakers enjoy best year of sales since 2007

    Posted Jan 06th 2014, 12:28am by BLOOM

    ... government-backed bankruptcies and Ford, using money borrowed from mortgaging its Blue Oval, struggled to restructure itself amid the longest recession since the Great Depression. Getting their financial ...

  7. Business - Companies - CARS

    Fiat reaches US$4.35 billion deal to fully take over Chrysler

    Posted Jan 02nd 2014, 11:50am by Reuters

    ... both carmakers since Chrysler’s 2009 US government-funded bankruptcy restructuring, aims to merge Fiat and Chrysler into the world’s seventh-largest carmaking group. But he has been at odds over the US carmaker’s worth with the trust, which was pushing for a payout of more than US$5 billion. In September, the trust exercised an option enshrined in bankruptcy documents to force ...

  8. Business - Companies - CARS

    GM released from US taxpayers' hands

    Posted Dec 11th 2013, 05:05am by BLOOM

    ... government stepped in with emergency funding in 2008. Bailouts from the George W. Bush and Barack Obama administrations helped GM avoid liquidation and reorganise in a 2009 bankruptcy that has given ...

  9. Business - China Business - CARS

    Renault seals US$1.3b deal with Dongfeng

    Posted Dec 17th 2013, 03:55am by Reuters

    ... road and waterway networks it is better-positioned than other cities to become China's Detroit- minus the bankruptcy, said Peng Zhimin, a regional economics researcher at the Hubei office ...

  10. Business - Companies - CARS

    Ford boss Mulally doesn't regret 'conservative' approach in China

    Posted Oct 28th 2013, 04:33am by Anita Lam

    ... avoid bankruptcy. ...




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