Cars
The never-ending circle of life that is high-end sports car manufacturing has just taken another turn for the worst for German automaker Melkus, which on Monday morning filed for insolvency.
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Cars
German Automaker Melkus Files For Bankruptcy
The never-ending circle of life that is high-end sports car manufacturing has just taken another turn for the worst for German automaker Melkus, which on Monday morning filed for insolvency.
Originally founded in 1959, the Melkus brand emerged as a sports and racing car maker. After what was assumed to be an official shutting of its doors in 1986, the classic nameplate was restored in 2006 by none other than son of the founder, Peter Melkus.
Read more »- Mitsubishi Reportedly Considering Ending Vehicle Production In The Us
Mitsubishi Motors is reportedly considering shutting down its automobile manufacturing operations in the United States. According to a report from Japan’s Nikkei business daily cited by Reuters, the automaker is mulling ending production in the...
- Wiesmann Emerges From Insolvency, Will Meet Creditors On December 16
Last time we heard of Wiesmann, the German manufacturer of retro-styled sports cars, things were not good at all. In August this year, the carmaker filed for insolvency at a local court in Münster and went under the protection of an administrator....
- German Sports Car Manufacturer Gumpert Is Insolvent…again
According to German news sources, including T-online and Otz, local sports car manufacturer Gumpert, makers of the Apollo, has gone under. The information comes not very long (at all) after another fairly-renowned maker of sporty cars from the country,...
- German Sports Car Builder Wiesmann Goes Under
Martin and Friedhelm, the two brothers behind the Wiesmann sports car brand, seem to have it wrong this year, as reports are just in that they have filed for insolvency at their local court in Münster. Founded in 1988, the company first began building...
- Gm To Close Or Idle 14 Plants And 3 Part Centers
Just hours after filing for bankruptcy Monday morning, General Motors announced that it will close or idle 14 plants and three Service and Parts Operations in the United States. Michigan is hit the hardest as it will see five plants being closed while...