bankruptcy

All are looking good for now... but it depends As you probably know, Chrysler has reported its best quarterly profits in 13 years, has just introduced a very nice new Dodge Dart compact sedan and continues to gain sales and market share. GM has also been highly profitable with a string of solid ...

Azure Dynamics, which develops electric-drive powertrains for automakers such as Ford Motor Co., said it will file for financial protection from its creditors under Canadian law and will cancel its plans to sell shares in what may be a precursor to a bankruptcy filing. The company said in a ...

Remember when the U.S. capital of RV production, Elkhart, IN was going to escape the doldrums that the decline of the motor home industry brought on by shifting over to building electric cars? Not so fast. As NPR reports, rising demand for RVs has helped boost employment in Elkhart, IN, while the ...

Lithium-ion battery maker Ener1, which filed for bankruptcy in late January, plans to emerge from its Chapter 11 status by mid-March with the help of $86 million in new equity and debt-holder agreements to restructure their debt on the company. Ener1, whose own investments include a stake in ...

Ener1, a maker of lithium-ion batteries for electric-drive vehicles and a major investor in now-bankrupt electric-vehicle maker Think, has gone bankrupt itself. Ener1, which was also making batteries for the Norwegian automaker, said late last week that as much as $81 million in debt will be ...

BD Otomotiv, a sustainable transport group based in Turkey, is reportedly in advanced negotiations with the Norwegian court-appointed trustee of Think Global to rescue the automaker from bankruptcy. Earlier this ...

The bankruptcy filing by Think Global makes us question the future of Think's only North American factory. Located in Elkhart, IN, Think's U.S. production site was initially touted as an economic boost for an area ...

On the one hand, the fact that Think needed to file for bankruptcy – again – yesterday was not a big surprise. The company has had a hard time selling its plasticky two-seat commuter car in a world that also includes the ...

When Ener1 abruptly ended its four-year-long deal with Think Global, saying that its investment was "impaired," we had reason to worry. Now comes word that the struggles continue to mount at Think Global and that the automaker has filed for bankruptcy. Again. According to a statement released by ...

Zerosports is filing for voluntary bankruptcy after its 3.5 billion yen ($42.5 million U.S. at today's rates) contract to build 1,030 electric delivery vehicles for Japan Post was canceled. The electric vehicle (EV) builder claims it had agreed to make changes to the original specs of the ...