[ad_1]
Hoonigan, one of the biggest automotive brands to emerge in the 2010s, has filed for chapter 11 bankruptcy in Delaware.
In the filing, it’s revealed that the company is $1.2 billion in debt. Through the restructuring, the company hopes to come out of chapter 11 and secure $570 million in new funding. Vance Johnston, CEO of Hoonigan, called the bankruptcy an important step for the company. From Yahoo Finance: – Lawrence Hodge Read More
[ad_2]
Source link
DISCLAIMER:
Information is provided on an “as is” basis and could include technical, typographical or other errors. AutosOpedia makes no warranties, representations, or guarantees of any kind, express or implied, including but not limited to, accuracy, currency, or completeness, the operation of the Site, the information, materials, content, availability, and products. AutosOpedia reserves the right to change information at any time without incurring obligations of any kind whatsoever. Your local dealer is the best source of the most up-to-date information on any vehicles listed on AutosOpedia.
Please note the display of any name, image, or likeness of any individual, organization, vehicle model or item on this site must not be construed as an endorsement of this site by the owner of that which is depicted. Nor should the presence of the same be inferred by anyone as an indication the depicted is currently posting content or otherwise participating at this site in any way whatsoever. Additionally, we certainly will remove or replace any name, image, likeness, or item if requested to do so by the owner of the entity or item depicted. Please leave messages or requests in the Contact form above. Thank you!