Judge Okays Volkswagen Emissions Deal

Anger still flares after judge okays Volkswagen emissions deal. From Yahoo Finance: “A federal judge approved the largest auto-scandal settlement in U.S. history Tuesday, giving nearly a half-million Volkswagen owners and leaseholders the choice between selling their cars back or having them repaired so they don’t cheat on emissions tests and spew excess pollution. U.S. District… Continue reading Judge Okays Volkswagen Emissions Deal

Electric Car Automaker Tesla Showing Signs of Financial Problems

Electric car automaker Tesla is showing signs of financial problems, including cash flow problems, securitized assets and a mounting inventory.  The reasons for these problems are complicated, but stem from the company’s use of factory stores, the current cheap price of gasoline, and the fickle nature of the luxury car market.  http://www.msn.com/en-us/autos/connectedcar/is-tesla-doomed/ar-BBmuaJZ?li=AA8mH2&ocid=iehp

Suzuki’s American Division Files Chapter 11 Bankruptcy

Suzuki announced late Monday that it would stop selling automobiles in the United States, and that the American division was filing for Chapter 11 bankruptcy protection.  The Japanese automaker was never able to gain solid footing in the American market.  Suzuki’s small cars, comical branding, and lackluster safety records did not appeal to American drivers. … Continue reading Suzuki’s American Division Files Chapter 11 Bankruptcy

Saab May File Bankrutpcy

“Citing “several independent sources”, Swedish business daily Dagens Industri (DI) reported early on Monday that Saab’s parent company Swedish Automobile (Swan) is expected to submit a bankruptcy petition on Monday afternoon to the Vännersborg District Court. However, a “well-placed” source at Saab told the TT news agency that a decision about putting Saab in bankruptcy… Continue reading Saab May File Bankrutpcy