MV Agusta, that lovely little decades-old Italian motorcycle company that we all watch like a child taking his first pedals on a bike without the training wheels, has fallen over once again. The long-struggling bike company filed for the equivalent of Chapter 11 bankruptcy (a U.S. code) last week.
Anytime anyone rags on one of Erik Buell’s motorcycles, I have to fight an overwhelming urge to pick them up and shake them. “Don’t you understand his story?!” I shout in my head. Not enough people do, so let’s fix that once and for all. It’ll make you appreciate the quirky, flawed genius of his motorcycles.
One recurring thing of Detroit's trip through bankruptcy court has been the local eye-rolls over coastal writers diagnosing the city's decline — the Detroit Free Press offers an occasional feature called "The truth about Detroit," battles have raged over Anthony Bourdain's portrayal in his CNN show, and even we've…
I worked a late shift Monday and woke up late, so, in the spirit of embracing a morning full of nothing, I popped Richard Linklater's 1991 classic "Slacker" into my roommates' Blu-ray player and diligently went about my morning routine of sitting on my couch.
In death, they say, there can sometimes be life. And in the death of Suzuki Automotive in North America, a suburban Pittsburgh Suzuki dealer found that he can make a lot of money, at least for a little while.
“My ethics told me I had to leave. I had to follow ethical standards. I still love the company. It was my life.” Henrik Fisker sounded angry about what had been going on, but he refused to say much beyond that by way of specifics. What is clear, though, is that past few months have been rougher for the company that…
Fisker has had a rough go of things in recent weeks. They've announced they are furloughing workers for at least a week. And now it sounds like they've hired bankruptcy lawyers. Uh oh.
This morning we got word that Group Lotus might be on the brink of shutting its doors forever. Not really a new rumor, but Lotus also has a history of strange PR moves. How would they take care of this one?
Suzuki won't be selling cars in the US anymore; their US distributor just filed for Chapter 11 bankruptcy protection. Oh, you're not surprised? Neither are we.
Georges Marciano had everything. The cofounder of Guess? Jeans enjoyed all the things that come with the glamorous life of high-margin clothing sales: a huge Beverly Hills Mansion and a bunch of supercars lining the driveway.
Aptera, the California electric vehicle startup that once hoped for ten thousand sales of its futuristic three-wheeled 2e per year, ceased operations on Friday after failing to secure needed funding. As you can sadly see in these videos, in the wake of the collapse, the company's now-unemployed staff went on a…
Alvin Joiner, a.k.a. Xzibit, a.k.a. recursive Internet meme guy, owes nearly $1 million in delinquent federal taxes. His excuse for not paying them? The cancellation of Pimp My Ride. Seriously.
Old GM creditors take on U.S. Treasury in bankruptcy court over who is entitled to the fruits of $1. [AutoNews]
Missing German Porsche tuner Uwe Gemballa is now under investigation by authorities in Stuttgart on suspicion of financial impropriety. Also, his family's suspended the reward for information regarding his whereabouts. Both revelations will turbocharge rumors he's not a kidnapping victim.
A German company is battling with a Japanese one to become the world's biggest automaker. Italians own Chrysler. It's like World War II except we're losing. So why are Republicans suddenly on the side of the automotive Axis powers?