Bankruptcy

GM asks U.S. judge to bar lawsuits for pre-bankruptcy recall claims

5:36 pm U.S. ET | April 15, 2014
General Motors said in a court filing that it will ask a federal bankruptcy judge to bar lawsuits related to its recall for faulty ignition switches, citing the terms of its 2009 bankruptcy.... Read More »

 

Ruling on terminated dealers keeps Chrysler case in the courts

12:01 am U.S. ET | April 14, 2014
About 150 dealerships that lost Chrysler franchises during the company's 2009 bankruptcy won a round in federal court last week.... Read More »

 

Budd Co. files for bankruptcy protection to modify retiree benefits

11:04 am U.S. ET | April 1, 2014
Budd Co., a former maker of auto parts and stainless steel passenger rail cars, filed for bankruptcy protection to modify benefits that it can't fully pay.... Read More »

 

U.S. eyes bankruptcy link in GM ignition defect probe, report says

3:48 pm U.S. ET | March 22, 2014
Federal authorities are investigating whether General Motors hid an ignition switch defect when it filed for bankruptcy in 2009, The New York Times reported on Saturday.... Read More »

 

NEWS ANALYSIS

For GM, a need to show sense of urgency

12:01 am U.S. ET | March 8, 2014
As General Motors' head of product development, Mary Barra gave employees a clear order: "No more crappy cars." Two months into her CEO tenure, the crappy cars of old GM are exacting revenge on the born-again automaker.... Read More »

 

Bankruptcy terms limit GM liability in crash lawsuits

12:01 am U.S. ET | March 8, 2014
In apologizing for its response to a faulty ignition switch that triggered a recall of about 1.6 million cars, General Motors has vowed that it will do business differently than the company that filed for bankruptcy in 2009.... Read More »

 

Chrysler turned away by bankruptcy court in tax-refund quest

12:34 am U.S. ET | Feb. 24, 2014
Chrysler Group couldn't get a New York bankruptcy court's help in its bid to recover an alleged $50 million overpayment of state unemployment insurance premiums.... Read More »

 

LABOR'S UNREST

Tracing the UAW's struggle with foreign automakers

12:01 am U.S. ET | Feb. 24, 2014
Automotive News spoke to labor analyst Kristen Dziczek about the root of the issues that led up to the recent vote at the Volkswagen plant in Chattanooga.... Read More »

 

5 YEARS LATER

GM, Chrysler bounce back from the brink

12:01 am U.S. ET | Feb. 24, 2014
General Motors' comeback from near-collapse has been faster and stronger than most experts believed it could be.... Read More »

 

5 YEARS LATER

2009 timeline: February meltdown

12:01 am U.S. ET | Feb. 24, 2014
A timeline of the events that made up the industry collapse.... Read More »

 

Fisker's new owner teams up with Lutz on V-8 Karma

Feb. 20, 2014 06:01 CET
Fisker Automotive's new owner says the Karma sports car will come roaring back with a supercharged V-8 engine -- and with the help of former GM executive Bob Lutz.... Read More »

 

Fisker's new owner teams up with Lutz on V-8 Karma

10:27 am U.S. ET | Feb. 19, 2014
Fisker Automotive's new owner says the Karma sports car will come roaring back with a supercharged V8 engine -- with the help of former General Motors executive Bob Lutz.... Read More »

 

Fisker wins approval to sell assets to China's Wanxiang

Feb. 19, 2014 06:01 CET
Fisker Automotive Holdings has won court approval to sell its assets to China's Wanxiang Group for an offer valued at $149.2 million, almost six times what the U.S. hybrid carmaker sought when it filed for bankruptcy.... Read More »

 

Fisker wins approval to sell assets to China's Wanxiang

12:18 pm U.S. ET | Feb. 18, 2014
Fisker Automotive Holdings today won court approval to sell its assets to China’s Wanxiang Group for an offer valued at $149.2 million, almost six times what the hybrid-car maker sought when it filed for bankruptcy.... Read More »

 

China's Wanxiang wins bidding for Fisker

6:34 pm U.S. ET | Feb. 14, 2014
China’s Wanxiang Group won an auction for Fisker Automotive with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding.... Read More »

 

Fisker bidder taps former Ford of Europe exec Leach to bolster management

Feb. 10, 2014 17:25 CET
A Hong Kong bidder for Fisker has hired former Ford of Europe executive Martin Leach in anticipation of winning a bankruptcy auction for the assets of the defunct maker of a plug-in hybrid sports car.... Read More »

 

Fisker bidder taps former Ford exec Leach to bolster management

11:25 am U.S. ET | Feb. 10, 2014
A Hong Kong bidder for Fisker Automotive has hired former Ford executive Martin Leach in anticipation of possibly winning Wednesday's bankruptcy auction for the assets of the defunct maker of a plug-in hybrid sports car.... Read More »

 

Fisker assets spur Chinese duel with patents as top prize

Feb. 7, 2014 06:01 CET
Two Chinese-backed companies are locked in a bidding war, culminating next week, to take over bankrupt carmaker Fisker Automotive. The prize is 18 patents and a possible toehold in the U.S. and Chinese markets.... Read More »

 

Fisker's remains spark Chinese battle for patent prize

12:34 am U.S. ET | Feb. 6, 2014
Two Chinese-backed companies are locked in a bidding war, culminating next week, to take over bankrupt Fisker Automotive Holdings.... Read More »

 

Honda tweaks national Civic ad that spotlighted Detroit's 'pain'

4:29 pm U.S. ET | Jan. 25, 2014
Honda has tweaked a national commercial for the Civic compact after the original spot caused an uproar in Detroit for featuring images of protesters outside of a federal court in the bankrupt city.... Read More »

 

DOE chief: Fisker's Chinese buyer must keep work in U.S.

12:43 pm U.S. ET | Jan. 22, 2014
The winner between two Chinese-backed bidders for assets of bankrupt electric-car maker Fisker Automotive will have to keep manufacturing and research in the United States, Energy Secretary Ernest Moniz said.... Read More »

 

Fisker auction set for Feb. 12 by U.S. bankruptcy court

12:48 pm U.S. ET | Jan. 17, 2014
A Chinese auto parts maker and a Hong Kong businessman will square off in an auction for Fisker Automotive, the defunct maker of a plug-in hybrid sports car, a Bankruptcy Court judge ruled today.... Read More »

 

Fisker assets to be sold at auction after lender bid limited

7:46 pm U.S. ET | Jan. 10, 2014
Fisker Automotive's assets will be sold at auction after a judge limited the amount of debt that lender Hybrid Tech Holdings can trade for the company.... Read More »

 

U.S. judge clears way for China's Wanxiang to bid for Fisker

3:47 pm U.S. ET | Jan. 10, 2014
A federal bankruptcy judge rejected a planned sale of Fisker Automotive to a Hong Kong tycoon, opening the way for China's largest auto parts company to buy the defunct maker of the Karma plug-in hybrid sports car.... Read More »

 

Fisker seeks rejection of Chinese suitor it blames for its bankruptcy

3:49 pm U.S. ET | Jan. 2, 2014
Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure.... Read More »

 

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