Mr. Ford, the executive chairman of Ford Motor, said nonunion automakers would make gains against Michigan automakers because of strikes by the United Automobile Workers union.
Tag: Bankruptcies
The Places That Sam Bankman-Fried Left Behind
Before his FTX crypto exchange imploded and he went on trial for fraud, Mr. Bankman-Fried ran a global business empire spanning Berkeley, Calif., Hong Kong and the Bahamas.
VanMoof, Trendy E-Bike Brand, Bought Out of Bankruptcy by Scooter Maker
Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following.
VanMoof’s Bankruptcy Worries Owners of Electric Bikes
VanMoof’s sleek electric bikes attracted fans, but the Dutch company’s demise has left owners unable to get repairs and worried that app-enabled functions may stop working.
Investor Charged With Kidnapping ‘Crypto King’
Aiden Pleterski is accused of spending investors’ money on luxury cars and vacations before filing for bankruptcy, according to court records. Then he was kidnapped by one of his investors, police say.
British Battery Start-Up Files for Bankruptcy
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.
Boris Becker Sentenced to Prison for Hiding Assets in Bankruptcy
The former tennis champion was found guilty by a London court on charges related to his 2017 insolvency.
China Evergrande Has Defaulted on Its Debt, Fitch Says
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
China Evergrande Makes Payment to Dodge Default, Media Says
The troubled real estate giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.
China Evergrande Bond Payment Remains Uncertain
A payment on the troubled Chinese company’s dollar-denominated bonds was due Thursday. Its shares fell on Friday after the company said nothing.