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EV battery maker A123 files for bankruptcy
Tue, 16 Oct 2012Lithium-ion battery maker A123 Systems Inc. filed for Chapter 11 bankruptcy protection on Tuesday in U.S. Bankruptcy Court in Delaware.
GM Europe weeks from running out of cash
Tue, 03 Mar 2009By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.
Top Global Car Brands 2012: Toyota, Mercedes, BMW, VW, Honda, Ford & Hyundai
Wed, 03 Oct 2012Interbrand has released its 2012 Top Global Brands rankings for 2012 with Toyota, Mercedes, BMW, VW and Honda the top four car brands. Last year, when we had the 2011 Top Global Brands revealed, Toyota managed to come at the top despite a year beset with the woes of the Tsunami. And for 2012, Toyota has hung on to its top automotive brand gong with a brand value of $30.28 billion.