U.S.A car rental firm Hertz Global Holdings, has filed for bankruptcy protection following a decline in business due to the COVID-19 pandemic.
Dutch carmaker Spyker is officially exiting bankruptcy protection, and merging with an American aircraft company called Volta Volare.
In an announcement, Dutch carmaker Spyker confirmed that it has filed for voluntary financial restructuring with the Dutch courts.
Demise of the Swedish carmaker Saab has sparked more interest in the brand, with up to three times more inquiries after insolvency announcement.
Bankrupt Swedish carmaker Saab is attracting interest from foreign companies, with India's Mahindra & Mahindra said to be leading the race
Swedish Automotive N.V. (Swan) has announced that Saab Automobile, Saab Automobile Tools and Saab Powertrain have filed for bankruptcy
The Chrysler Group has posted its first profit ever since the company emerged from bankruptcy back in June 2009
In the first sign of recovery for the troubled automotive giant, Ford announced that it has made a profit of almost US$1 billion in the third quarter of this year
As part of its post-bankruptcy turnaround plan, General Motors will begin selling its vehicles on auction site eBay, which will give buyers more flexibility when car shopping
Restructured company to revamp itself to better meet customer needs
After acquiring the brand in 1999, General Motors are in the final steps of selling off their Hummer brand to a Chinese firm.
In response to the recent announcement by General Motors Corporation in the US, GM ODC today reaffirmed that it does not expect any impact to its business.
After announcing that the company will file for bankruptcy, Chrysler has moved into a strategic deal with Fiat.