Gerhardi Kunststofftechnik GmbH, a German company that produced emblems for Mercedes-Benz, has declared bankruptcy. The reason was the drop in demand for its products and the crisis in the European automobile industry, foreign media write, Telegraph reports. The German company failed to meet the challenges facing the modern European automotive industry due to the decline…
ASIC issues new guidance amid insolvency storm The Australian Read the original article here
How Abengoa Group impacted the Spanish economy EY Read the original article here
Losing one client can send us to the wall, say SMEs The Australian Read the original article here
After offloading its public sector and Indigenous consulting divisions, professional services firm PwC is now looking to sell its Australian insolvency practice, with global player Teneo in pole position. According to reports, PwC is on the brink of selling its ‘Business Restructuring Services’ practice to Teneo, which has a global headcount in excess of 1,600…
Insolvent flying taxi startup Lilium has found a buyer Sifted Read the original article here
KTM To Sell Majority Stake In MV Agusta, MotoGP Withdrawal Planned ADV Pulse Read the original article here
Lilium, the Munich-based electric aircraft startup, was on the brink of closure earlier this week, with plans to lay off its more than 1,000 employees after failing to secure additional funding. However, on December 24, a surprise announcement revealed that Lilium had signed an asset purchase agreement with Mobile Uplift Corporation, a consortium of investors…
Last Updated:December 25, 2024, 12:24 IST Royal Family News: Prince Harry and Meghan Markle signed a £80 million contract with the streaming giant in 2020 after they stepped down as senior working royals. Royal Family news: Prince Harry and Meghan Markle are seen. Prince Harry and Meghan Markle have been warned about a key “financial…
In Ernest Hemingway’s first novel, The Sun Also Rises, one of the characters is asked how he went bankrupt. “Two ways. Gradually, then suddenly.” Nearly 100 years later these lines still ring true. Bankruptcy — whether financial, moral or political — tends to happen gradually until it happens suddenly. The moral bankruptcy of the Republican…