Posts Tagged ‘Bankrupt’
Cobb Tuning has re-engineered its AccessPort control unit for the new R35 Nissan GT-R. For those of you lucky enough to own a GT-R and not content with its performance out of the box, the $995 AccessPort will reflash the ECU to any one of six different tuning levels.There are three levels each for S......
SEMA Preview: Mopar supercharger for Dodge Challenger
Wednesday, July 2nd, 2008
Click above for a high-res gallery of the Dodge Challenger SRT-8.Mopar can't let Speedfactory have all the fun supercharging the Dodge Challenger SRT-8, so when the SEMA show rolls around this November, the in-house tuners of all things pentastar will unveil a blown Challenger of their own.The Mopar......
Cosworth supercharger for NC Mazda Miata almost ready
Tuesday, May 20th, 2008
Until the Mazdaspeed version of the MX-5 makes its debut, those of us looking for forced-induction power from Mazda's NC Miata must turn to the aftermarket. Of all the tuning firms looking to turbo- or supercharge the new MX-5, Cosworth has both the reputation and technological prowess to pull it of......
European coachbuilders will sink or swim in changing market
Tuesday, October 23rd, 2007
We've posted a number of articles in recent months about coachbuilders like Pininfarina and Bertone finding themselves in financially troubled waters. The difficulties these and other independent manufacturers around Europe are suffering now appear to be part of a larger trend that's forcing these c......
Sad day: ASC files for Chapter 11
Tuesday, March 13th, 2007
Anyone who knows even a little bit (like I do) about American Specialty Cars is usually fascinated. After all, this is the company behind the Buick GNX, but it's also the company behind the Chevy SSR. Unfortunately, the latter vehicle was the one that did ASC in. According to Automotive News, ASC i......
Riding out the storm: Ford applies for $18 billion restructuring package
Monday, October 16th, 2006
Ford announced today that it plans to acquire a financing package worth a heady $18 billion. The extra money will ensure that Ford survives the next couple of years while Alan Mulally and company attempt to turn the automaker around and bring profits back to the Blue Oval. Automotive News reports th......
Tower Automotive reaches deal with unions
Monday, June 12th, 2006
Just a few months ago, based on its threat to cancel union labor contracts, Tower Automotive appeared on the brink of a work stoppage - an event that would have halted a significant amount of North American vehicle production. Now we can all breath a bit easier, as the bankrupt supplier has reached ......
Delphi seen improving, given more time by judge
Thursday, May 18th, 2006
U.S. Bankruptcy Judge Robert Drain agreed yesterday to extend Delphi's deadline to submit its reorginization plan from August 5th to February 1st of next year. Judge Drain apparently sees the embattled company as making significant progress with buyouts and the early retirement of thousands of Union......
Delphi reaches agreement on buyouts with UAW, GM
Tuesday, May 9th, 2006
Delphi has reached a buyout agreement with the United Auto Workers and General Motors. Announced Friday, the deal will extend buyout offers to each and every hourly worker, giving all UAW-represented employees (around 22,000 out of 31,000 Delphi employees) a chance to bail with a safety net.The move......
General Motors requests two months for Delphi, unions, to work out deal
Wednesday, April 26th, 2006
Bloomberg reports that General Motor submitted a request to a judge overseeing Delphi's bankruptcy case to adjourn the hearings for up to two months. The latter are scheduled to begin on May 24.According to GM spokesperson Jerry Dubrowski, the automaker asked for the request so that it, Delphi, and ......