Bankruptcy

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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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Chinese supplier Wanxiang makes last-minute Fisker bid

1:23 pm U.S. ET | Dec. 31, 2013
A unit of Wanxiang Group, China's largest auto parts company, made a surprise bid for Fisker Automotive just days before the bankrupt maker of the Karma plug-in hybrid sports car was to be sold to a Hong Kong tycoon, according to court documents....
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Fisker founder, former directors sued by investor over collapse

1:39 pm U.S. ET | Dec. 30, 2013
Fisker Automotive founder Henrik Fisker and the hybrid carmaker's former directors were sued by investor Atlas Capital Management LP over $2 million in losses it allegedly suffered in the bankrupt company's collapse....
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NO BULLIES, NO SACRED COWS

Incoming GM chairman Solso made tough calls as Cummins' CEO

12:01 am U.S. ET | Dec. 30, 2013
The recent selection of Tim Solso as General Motors' nonexecutive chairman didn't come as a shock to former colleagues, given the parallels between his 12-year tenure as Cummins Inc. CEO and the path of post-bankruptcy GM. Both involved a struggle to change the culture of a once-dominant but humbled company....
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RECKONING to REVIVAL: PART IV

Five signs of new life in post-crash Detroit

12:01 am U.S. ET | Dec. 27, 2013
The UAW agreed to establish a two-tier wage system in 2007 in hopes of boosting employment at the Detroit 3. It worked: Chrysler has hired more than 10,000 workers in the United States since coming out of bankruptcy. Yet two-tier wages have created divisions on the factory floor amid the industry's profitable recovery....
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RECKONING to REVIVAL: PART III

Recalled: Insourcing workers from Detroit to bring a plant back to life

12:01 am U.S. ET | Dec. 26, 2013
As Chrysler was tumbling toward bankruptcy, Scott Garberding was trying to keep the Grand Cherokee alive. Chrysler had committed $1.8 billion to redesigning the SUV and overhauling the company's Jefferson North assembly plant in Detroit with a high-tech body shop that would build it with better quality....
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RECKONING to REVIVAL: PART II

For Detroit 3, obstacles were closer than they appeared

12:01 am U.S. ET | Dec. 25, 2013
Jim Blanchard was horrified as he watched the Detroit 3 CEOs stumble through the congressional bailout hearings in November and December 2008. As a baby-faced, 37-year-old congressman from Michigan, Blanchard was the architect of Chrysler's earlier federal bailout, which gave the automaker government backing for $1.5 billion in lifesaving loans....
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RECKONING to REVIVAL: PART I

How workers rebuilt the U.S. auto industry

12:01 am U.S. ET | Dec. 24, 2013
The U.S. auto industry has come full circle, from boom to bankruptcy to boom, and Detroit's road from reckoning to revival was shorter than expected. The Detroit 3's new strength is embodied in Chrysler's reborn Jefferson North assembly plant in Detroit, perhaps the most profitable factory in the industry today....
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Fisker won't build cars at former GM plant, Del. senator says

12:34 pm U.S. ET | Dec. 19, 2013
Fisker Automotive, the bankrupt electric-car maker, won't use a shuttered GM plant it bought in Delaware even if its new owner resumes production, Delaware Senator Tom Carper said today....
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