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	<title>ModernRacer Car News Commentary &#187; bankruptcy</title>
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		<title>Aston Martin out of cash as Arab owners in trouble</title>
		<link>http://www.modernracer.com/news/aston-martin-out-of-cash-as-arab-owners-bankruptcy/1950/</link>
		<comments>http://www.modernracer.com/news/aston-martin-out-of-cash-as-arab-owners-bankruptcy/1950/#comments</comments>
		<pubDate>Tue, 29 Sep 2009 20:40:29 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[European Cars]]></category>
		<category><![CDATA[Aston Martin Rapide]]></category>
		<category><![CDATA[bankruptcy]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=1950</guid>
		<description><![CDATA[
The Aston Martin luxury-sports carmaker is in trouble after the Kuwaiti &#8220;sovereign wealth fund&#8221; that owns 51% of the luxury carmaker admitted it was struggling to refinance its debt. 
According to the British Guardian newspaper, Kuwaiti owners Investment Dar is one of many retarded banks and investment houses in that country to run into financial [...]]]></description>
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		<title>Saab bought by Koenigsegg and other investors</title>
		<link>http://www.modernracer.com/news/saab-bought-by-koenigsegg/1065/</link>
		<comments>http://www.modernracer.com/news/saab-bought-by-koenigsegg/1065/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 16:22:05 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[European Cars]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[general motors]]></category>
		<category><![CDATA[Koenigsegg]]></category>
		<category><![CDATA[Saab]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=1065</guid>
		<description><![CDATA[
Swedish TV reports suggest that Koenigsegg, maker of extremely high-end exotic supercars, along with a group of Norwegian investors, have signed a letter of intent with Saab to buy out the ailing brand from General Motors. 
Final negotiations will reportedly take place in the coming months, so the deal isn&#8217;t complete final yet. 
In recent [...]]]></description>
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		<title>Chrysler out of bankruptcy as Fiat becomes owner</title>
		<link>http://www.modernracer.com/news/chrysler-out-of-bankruptcy-as-fiat-becomes-owner/1051/</link>
		<comments>http://www.modernracer.com/news/chrysler-out-of-bankruptcy-as-fiat-becomes-owner/1051/#comments</comments>
		<pubDate>Wed, 10 Jun 2009 18:14:55 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[American Cars]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chrysler]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=1051</guid>
		<description><![CDATA[
After overcoming various obstacles, from disgruntled dealers to old-fart pensioners, the sale of Chrysler to Fiat is finally complete. The deal took 42 days, but the sale is now official. Fiat now owns most of Chrysler&#8217;s assets and will receive $6.6 billion in &#8220;exit financing&#8221; from the federal government. 
The Obama administration has succeeded in [...]]]></description>
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		<title>Porsche to sell out to Qatar government</title>
		<link>http://www.modernracer.com/news/porsche-to-sell-out-to-qatar-government/1033/</link>
		<comments>http://www.modernracer.com/news/porsche-to-sell-out-to-qatar-government/1033/#comments</comments>
		<pubDate>Tue, 09 Jun 2009 17:40:38 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[European Cars]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Porsche]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=1033</guid>
		<description><![CDATA[
Like cheap two-dollar sluts, one after the other the premium European car manufacturers are selling out large chunks of their shares to temperamental-but-rich Arab countries. After the Kuwaitis have bought out Aston Martin and Abu Dhabi Emiratis have become large shareholders in Mercedes-Benz and Ferrari, Porsche is reportedly close to a deal that would see [...]]]></description>
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		<title>General Motors officially bankrupt</title>
		<link>http://www.modernracer.com/news/general-motors-officially-bankrupt/898/</link>
		<comments>http://www.modernracer.com/news/general-motors-officially-bankrupt/898/#comments</comments>
		<pubDate>Mon, 01 Jun 2009 17:48:54 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[American Cars]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[general motors]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=898</guid>
		<description><![CDATA[
General Motors, once the world&#8217;s largest automaker, has officially filed for bankruptcy. As analysts have known for months finally got confirmed, the largest car manufacturer in the world filed for &#8220;Chapter 11 bankruptcy protection&#8221; on June 1, 2009 in a New York court, declaring $82 billion in assets and $172 billion in debts. 
The century-old [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Chrysler LLC submits plan for electric vehicles</title>
		<link>http://www.modernracer.com/news/chrysler-llc-submits-plan-for-electric-vehicles/813/</link>
		<comments>http://www.modernracer.com/news/chrysler-llc-submits-plan-for-electric-vehicles/813/#comments</comments>
		<pubDate>Wed, 27 May 2009 17:28:15 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[American Cars]]></category>
		<category><![CDATA[Green Cars]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Electric Cars]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=813</guid>
		<description><![CDATA[
Chrysler LLC announced that they have submitted three proposals outlining a plan, to the tune of $448 million, for the U.S. Department of Energy (DOE) in order to rapidly bring Electric Vehicles (EV) and Plug-in Hybrid-electric Vehicles (PHEV) to market. 
Chrysler LLC applied for two initiatives established by the DOE &#8211; the &#8220;Electric Drive Vehicle [...]]]></description>
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		<title>Chrysler offering $1000 vouchers, bouncing checks</title>
		<link>http://www.modernracer.com/news/chrysler-offering-1000-vouchers-bouncing-checks/682/</link>
		<comments>http://www.modernracer.com/news/chrysler-offering-1000-vouchers-bouncing-checks/682/#comments</comments>
		<pubDate>Mon, 18 May 2009 21:11:13 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[American Cars]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Dodge]]></category>
		<category><![CDATA[Jeep]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=682</guid>
		<description><![CDATA[
Chrysler is in a seriously tight spot right now financially. And the things they do are not helping their image whatsoever. 
The bankrupt company is offering $1000 vouchers to existing Chrysler, Jeep or Dodge owners, to be used towards the purchase of a new Chrysler LLC product.
Now, according to the Los Angeles Times, settlement checks [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>GM to close 1100 dealerships by 2010</title>
		<link>http://www.modernracer.com/news/gm-to-close-1100-dealerships-by-2010/609/</link>
		<comments>http://www.modernracer.com/news/gm-to-close-1100-dealerships-by-2010/609/#comments</comments>
		<pubDate>Fri, 15 May 2009 21:52:24 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[American Cars]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[general motors]]></category>

		<guid isPermaLink="false">http://www.modernracer.com/news/?p=609</guid>
		<description><![CDATA[
As part of GM&#8217;s viability plan, General Motors plans to reduce its dealer network from 5,969 stores today to approximately 3,600 by the end of 2010. 
This process starts today, as GM begins contacting dealers regarding its long term planning. Approximately 1,100 underperforming and very small sales volume U.S. dealers will be advised that GM [...]]]></description>
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