bankruptcy

Yes it's finally happened. Saab have finally filed for bankruptcy protection. :( Saab files for bankruptcy protection - FT.com http://www.bbc.co.uk/news/business-14817674

Chrysler are in big trouble over talks with their creditors. One of the conditions of the US government assistance programme was that some $7 billion of debt be removed, which is held in the form of bonds. Chrysler have been talking with creditors looking at various stock and cash options -...

Yes Saab have finally filed for the Swedish equivalent of going into Chapter 11 bankruptcy in the US after the Swedish government rejected GM's call for aid. What a pity such a company with a track record in innovative engineering particularly in the field of safety have gone to the wall due...

WASHINGTON 18 December: The White House said Thursday that an "orderly" bankruptcy was one option being considered to try to rescue General Motors and Chrysler, which are seeking billions of dollars to avoid a shutdown. "Disorderly collapse would be something very chaotic that is a shock to a...

Hi, I saw a thread on another forum (non-car) that Greenoaks Mercedes has filed for administration. As yet this is an unsubstantiated rumour, but I wouldn't be surprised given the current economic climate. I really hope this is not true. Does anyone have any further information?