Two auto suppliers have used the bankruptcy code to revamp at least 80 percent of their customer contracts, bucking the norm of most automotive bankruptcies seen this year. Both companies, Recticel North America Inc.
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Updates from November, 2009
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12:40 pm on November 30, 2009
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12:40 pm on November 30, 2009
Saab CEO Jan Ake Jonsson and officials from the Swedish government traveled to Detroit ahead of a GM board meeting on Tuesday to decide the brand’s fate. Bidders interested in Saab include Beijing Auto, Renco Group and Merbanco.
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12:40 pm on November 30, 2009
India’s Tata Group is planning to produce hybrid versions of its Nano, billed as the world’s cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.
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12:40 pm on November 30, 2009
Volkswagen AG plans to invest up to 2.3 billion euros ($3.5 billion) in Brazil from 2009 through 2014 to add products and boost manufacturing capacity.
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12:40 pm on November 30, 2009
Chevrolet’s new Cruze small car, intended to battle the Honda Civic and Toyota Corolla when it goes on sale in the third quarter of next year, will be unveiled Dec. 2 at the Los Angeles auto show.
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12:40 pm on November 30, 2009
Visteon Corp., a bankrupt maker of auto parts, reached an agreement to continue supplying Ford Motor Co. with parts while it sheds some of its plants, according to court documents.
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12:40 pm on November 30, 2009
Nobushige Wakatsuki, who prodded a reluctant Nissan Motor Co. into the U.S. market more than 50 years ago, died this month at 81. As a young manager with the Japanese trading company Marubeni Corp.
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12:40 pm on November 30, 2009
Beijing Automotive Industry Holding Corp. might still be interested in buying Saab, the Chinese car company’s general manager said on Monday. Asked by reporters whether BAIC would consider approaching General Motor Co.’
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12:40 pm on November 30, 2009
Beijing Automotive Industry Holding Corp. might still be interested in buying Saab, the Chinese car company’s general manager said on Monday. Asked by reporters whether BAIC would consider approaching General Motor Co.’
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12:40 pm on November 30, 2009
Beijing Automotive Industry Holding Corp. might still be interested in buying Saab, the Chinese car company’s general manager said on Monday. Asked by reporters whether BAIC would consider approaching General Motor Co.
Popularity: unranked [?]