Fisker Automotive took its sweet time filing for bankruptcy, waiting well over a year between building its last car and calling it quits.
Tag Archives: Bankruptcy
Fisker’s bankruptcy remains on track
Fisker might not be making its plug-in Karma sports cars anymore, but it still knows speed. The company’s lawyers convinced a bankruptcy judge on Tuesday that its Chapter 11 should proceed at an unusually rapid pace.
Deloitte loses appeal in MG Rover disciplinary case
Accountancy firm Deloitte has lost its appeal against a ruling that it failed to manage conflicts of interest in its advice to collapsed UK carmaker MG Rover Group, in a decision it said could force all accountants to examine what advice they can give.
The Rover Group, later MG Rover, collapsed in 2005. Photo credit: Reuters
Saab’s U.S. liquidation plan earns court approval
The bankrupt U.S. arm of Swedish automaker Saab Automobile AB has gained court approval of a plan to liquidate and pay back creditors, effectively ending its bankruptcy.
Detroit officials deny prized car trove is at risk with bankruptcy
A 1963 Ford Mustang concept car currently on display at the Detroit Historical Museum.Photo credit: ARA HOWRANI/Detroit Historical Society
