Tag: Bankruptcy

Industry Focus Areas, Motorized Vehicle

Volta Trucks Files for Bankruptcy After Supply Chain Fails

October 17, 2023

Via: Transport Topics

Sweden’s Volta Trucks AB is planning to file for bankruptcy following a breakdown in its supply chain, the company said. The decision comes roughly two months after Volta’s battery supplier Proterra Inc. failed, causing the truck maker to fall short […]

Energy, Industry Focus Areas, Regulations

U.S. judge likely to approve Philadelphia refiner’s bankruptcy plan

February 13, 2020

Via: Reuters

NEW YORK (Reuters) – A federal judge on Wednesday said he was prepared to approve Philadelphia Energy Solutions’ bankruptcy plan which includes the sale of the largest East Coast oil refinery to a Chicago real estate developer for $252 million. […]

Industry Focus Areas, Motorized Vehicle, Regulations

New Takata airbag recalls could expose automakers to more liabilites

July 19, 2017

Via: Automotive News

Takata Corp.’s bankruptcy filing last month was meant to draw a line under the auto industry’s biggest safety recall, but last week’s announcement of more airbag inflator recalls suggests automakers could face fresh liabilities in the future. In late 2015, U.S. regulators gave Takata […]


GM North America output at risk by supplier bankruptcy

July 13, 2016

Via: Automotive News

A longtime General Motors supplier has filed for bankruptcy and repercussions could wreak havoc on the automaker’s North American production. Clark-Cutler-McDermott Co. filed for Chapter 11 bankruptcy protection on Thursday, July 7, after GM filed a motion to acquire dedicated […]