Carmakers

After Chrysler filed for bankruptcy one month ago, it was the turn of General Motors to file for bankruptcy under Chapter 11 protection. Today at 8 A.M. local time, General Motors declared bankruptcy at the federal court in Manhattan after they reported $81 billion losses in the last four years. GM is the biggest car [...]

Porsche is going through a tough time as the automaker has huge debts and it seems like nothing can save it. However, Wolfgang Porsche, the head of the supervisory board of Porsche, says that he will not sold the company after some recent rumors showed that Porsche could be sold to Volkswagen. It is said [...]