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Flashback: Pontiac killed on April 27, 2009
Wed, 27 Apr 2011It was precisely two years ago today--April 27, 2009--that Pontiac met its demise. In hindsight, the decision made a lot of sense for General Motors, which six weeks later would file for bankruptcy. But at the time, many enthusiasts were more than a bit upset that 80 years of Pontiac--once the third-best-selling brand in the United States--was set for the scrap yard.
How Fisker fell apart
Tue, 30 Apr 2013At last week's politically charged congressional hearing on the troubles of Fisker Automotive, Rep. Jim Jordan, R-Ohio, said that the company had "no business acumen" and that "taxpayers have effectively subsidized luxury novelty vehicles for the likes of Justin Bieber, Leonardo DiCaprio and Al Gore." Ouch. Republicans eager to score points against President Obama had a field day last week with Fisker.
Spyker slaps GM with $3 billion lawsuit
Mon, 06 Aug 2012Spyker, the Dutch supercar firm and owner of Saab, hit General Motors with a $3 billion lawsuit Monday, claiming GM forced Saab into bankruptcy and interfered with a potential deal with Chinese investors that could have saved the company. Spyker is suing on behalf of Saab, assuming legal costs in exchange for a significant proportion of any potential award. Saab went into bankruptcy in December 2011.