Tag Archives: bankrupt

Vauxhall-Opel gets its new owner

Posted by Paul Horrell at 1:59 pm on Monday June 1, 2009

Well, Foreman called it wrong. I thought Fiat would get control of Vauxhall and Opel, but the giant Canadian car-components-maker Magna won. I was looking at it from an automotive point of view, and the result was skewed by politics.

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Wiped off the map

Posted by Paul Regan at 10:16 am on Friday May 22, 2009
Chrysler dealers facing the axe

Here’s an ominous observation we stumbled across on the New York Times website – want to have a stab at what all those map points are for?

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Bankrupt Chrysler signs Fiat deal

Posted by Paul Horrell at 5:01 pm on Thursday April 30, 2009
chrysler

Chrysler is bankrupt. To a British ear that sounds pretty stark, but in the US it means something rather different – ‘chapter 11 bankruptcy‘. It will keep operating, but it will be able to fend off its creditors and try to renegotiate its debts.

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