The former merger of Chrysler to Daimler-Benz was billed as a “marriage made in heaven,” so perhaps we should not get too excited about the recently arranged union to Fiat, which is a doomed relationship forged out of desperation.

Liquidation may be the only option left for Railpower Technologies. The Quebec-based manufacturer of low-emission hybrid locomotives sought bankruptcy protection in February and announced on Friday that although it had received "expressions of interests" from potential buyers and investors, none of those options is "likely to enhance recoveries for the ...

Washington hasn’t been offering General Motors and Chrysler bailout dollars simply to save the U.S. economy from more turmoil. According to the U.S. policy document below, which was made public this morning, the new president of the United States wants the two troubled Detroit companies to pay for government aid ...

Why did Nortel fail? There are probably several valid perspectives on this, one being the bad luck to have an once-in-a-lifetime global financial crisis come along in the middle of a turnaround effort. A different political party or coalition in power may have also stepped in with a loan to ...

So it has come, finally, to this: Nortel files for bankruptcy protection.