Cars
The Nürburgring has seen better days, financially-speaking, that is. After having gone under bankruptcy protection in July of 2012, the renowned racetrack is now set to find a new owner who is to take over from the current patrons, the German government. However, the price will be far lower than the $515/€400 -million debt that caused the bankruptcy, according to an AutoWeek report. Read more »
- Saab Owner Nevs Says It Has Found New Asian Shareholder
NEVS, the company that bought the bankruptcy estate from Saab Automobile in 2012, before applying for bankruptcy protection itself in Aug. 2014, is requesting a three-month extension to complete talks with a potential new owner. Read more »...
- Bernie Ecclestone Might Buy Financially Troubled Nürburgring Circuit
The Nürburgring racetrack, located in the Eifel hills in western Germany, has been reporting serious financial problems in the last year, culminating with their filing for bankruptcy in July of 2012. Now, exactly one year later, it remains without...
- Bmw Bankruptcy Bust Up In The Bush: The Price Of Luxury Car Loans Down Under
AU$18 million or about US$18.1 million at the current exchange rates. That’s how many Australian dollars some 226 plus Aussies owe BMW’s unimaginatively named financial arm "BMW Finance". The Bavarian automotive giant is now perusing...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Ford Announces That It Has Reduced Debt By $9.9 Billion
It's not so often that we hear any good news from Detroit's Big 3 these days so Ford Motor Company's announcement that it has trimmed its automotive debt by 38 percent, or $9.9 billion, was a welcome surprise. The American automaker said that...
Cars
Nürburgring Racetrack Going Under the Hammer for Around $170 Million
The Nürburgring has seen better days, financially-speaking, that is. After having gone under bankruptcy protection in July of 2012, the renowned racetrack is now set to find a new owner who is to take over from the current patrons, the German government. However, the price will be far lower than the $515/€400 -million debt that caused the bankruptcy, according to an AutoWeek report. Read more »
- Saab Owner Nevs Says It Has Found New Asian Shareholder
NEVS, the company that bought the bankruptcy estate from Saab Automobile in 2012, before applying for bankruptcy protection itself in Aug. 2014, is requesting a three-month extension to complete talks with a potential new owner. Read more »...
- Bernie Ecclestone Might Buy Financially Troubled Nürburgring Circuit
The Nürburgring racetrack, located in the Eifel hills in western Germany, has been reporting serious financial problems in the last year, culminating with their filing for bankruptcy in July of 2012. Now, exactly one year later, it remains without...
- Bmw Bankruptcy Bust Up In The Bush: The Price Of Luxury Car Loans Down Under
AU$18 million or about US$18.1 million at the current exchange rates. That’s how many Australian dollars some 226 plus Aussies owe BMW’s unimaginatively named financial arm "BMW Finance". The Bavarian automotive giant is now perusing...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Ford Announces That It Has Reduced Debt By $9.9 Billion
It's not so often that we hear any good news from Detroit's Big 3 these days so Ford Motor Company's announcement that it has trimmed its automotive debt by 38 percent, or $9.9 billion, was a welcome surprise. The American automaker said that...