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A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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Car Promises That Weren't Kept
KickingTiresEver wonder what happened to events in the auto industry that were supposed to occur but didn't? You might have seen a news story on a site like ours of a promise by an automaker that sounded legitimate with lots......Tags: North American International Auto Show, Diesel Fuel, Ford, Vehicles, State of the Union Address
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Coda Becomes Latest EV Start-Up to Short Circuit
KickingTiresLos Angeles-based start-up Coda announced today that it is declaring Chapter 11 bankruptcy and pulling the plug on its electric vehicle. The news echoes other recent high-profile struggles for EV start-ups like Aptera and perhaps most notably Fisker,...Tags: U.S. Department of Energy, Economy, Business and Finance, The Detroit News, U.S. Congress, Hybrid Vehicles
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Fisker Edges Closer to Bankruptcy as New Details Emerge
KickingTiresThe travails continue for Anaheim, Calif.-based Fisker. Executives at the struggling plug-in-vehicle maker met with Congress Wednesday, and new details emerged on Fisker's government dealings. It goes like this. The U.S. Department of Energy approved $529...Tags: U.S. Department of Energy, Manufacturing and Engineering, Economy, Business and Finance, Automotive Equipment, Computing and Information Technology Industry
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Fisker Lays Off 75% of Workforce as Bankruptcy Looms
KickingTiresLeonardo DiCaprio may love his Fisker Karma, but the California automaker is listing like the Titanic. Less than a month after founder Henrik Fisker quit, the boutique car company laid off some 160 employees, the Detroit News reports, as it......Tags: Leonardo DiCaprio, Employees, Hurricane Sandy (2012), Ford, The Detroit News
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Suzuki Files Bankruptcy, Stops Selling Cars in U.S.
KickingTiresSuzuki filed for Chapter 11 bankruptcy in California today for its U.S. automobile operations. American Suzuki Motor Corporation will stop marketing and selling cars in the U.S. while focusing on its motorcycle, ATV and marine portfolios. Suzuki...Tags: Manufacturing and Engineering, Suzuki Motor Corp., Economy, Business and Finance, Automotive Equipment, Bankruptcy
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Suzuki Bankruptcy: What You Need to Know
KickingTiresSuzuki filed for bankruptcy Monday, officially eliminating its automotive arm in the U.S. That leaves current and potential owners with a lot of questions. We answer the most significant ones below, but if you have a question, please ask it......Tags: Saab, Vehicles, Bankruptcy, Acura, Manufacturing and Engineering
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2013 Suzuki Kizashi: Get to Know it Before it's Gone
KickingTiresThe Suzuki Kizashi isn't the most familiar name when talking family cars. Like most, I'd never even heard of a Kizashi, and I was expecting a cheaply made budget car that's similar to an off-brand DVD player you'd find at......Tags: DVD Players, Suzuki, Mercedes-Benz, Passenger Cars, Honda
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Suzuki Reaches Settlement With Dealers
KickingTiresA month after filing for Chapter 11 bankruptcy protection, American Suzuki Motor Co. announced it has reached a settlement with 98% of its dealers. The automaker has reached an agreement with 213 out of 219 of its dealers and is......Tags: Manufacturing and Engineering, Suzuki Motor Corp., Suzuki, Passenger Cars, Automotive Equipment
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Suzuki Demand Rises After Bankruptcy Announcement
KickingTiresWe???ll take shameless credit. Following Suzuki's bankruptcy announcement of its U.S. arm, shoppers are responding to our endorsement of the nimble Kizashi. Or maybe all that Christmas eggnog is going to our heads. Still, Bloomberg News reports Suzuki...Tags: Manufacturing and Engineering, Suzuki, Automotive Equipment, Passenger Cars, Scion
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Can Bob Lutz and the Chinese Save Fisker?
KickingTiresIf Bob Lutz is winding down, you wouldn't know it. The cigar-chomping former GM product chief is responsible, at least in part, for a host of cars you see on the road today ??? among them the Chevrolet Camaro, the......Tags: Manufacturing and Engineering, Automotive Equipment, Fuel-efficient Vehicles, Bankruptcy, Hybrid Vehicles
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Daily News Briefs: May 11, 2012
KickingTiresThe Detroit News reports President Barack Obama has joined Democrats in taking issue with GOP presidential candidate Mitt Romney's claim that he deserves credit for the resurgence of GM and Chrysler. Romney said last Monday that he pushed for a......Tags: Ford, Chrysler, Nissan, Bankruptcy, Toyota
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What Saab's Liquidation Means to You
KickingTiresAs the automotive industry digests the news that embattled Swedish automaker Saab filed for bankruptcy liquidation this morning, current Saab owners and prospective buyers likely have serious questions. Breaking: Saab Stops Covering Warranties Saab is...Tags: Manufacturing and Engineering, Luxury Vehicles, Saab, Automotive Equipment, Passenger Cars
May 16, 2013
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May 1, 2013
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Apr 26, 2013
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Apr 8, 2013
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Nov 6, 2012
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Nov 6, 2012
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Nov 16, 2012
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Dec 5, 2012
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Dec 21, 2012
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May 28, 2013
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May 11, 2012
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Dec 19, 2011
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