creditors
Lotus Scales Back New Car Plans to be Realistic
Following Lotus CEO Dany Bahar’s termination, the brand is abandoning the plan he championed to bring six new sports cars to market using the company’s engines and transmissions.
Saab Files for Bankruptcy Protection
Another week and another sob story regarding Saab. The troubled automaker has just applied for protection from creditors, and is trying to avoid the bankruptcy petition made by the unions. A once thriving manufacturer that made fighter aircraft, trucks and automobiles, the auto division of this 65 year-old company has been struggling ever since General…
