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RUSSIANS POUNCED ON CARS FROM BANKRUPTCY AUCTIONS

... vehicle previously owned by the company also means a fairly good condition of such a car. This situation also has a certain significance for the car market in the light that some of the buyers are represented by the category of citizens who purchase cars for disassembly for spare parts. This, in turn, means a future increase in the supply of this particular category of goods, the Association of Lawyers in the field of Liquidation and Bankruptcy noted. The experts also added that the situation in the automotive market, of course, should stabilize in some time perspective. But in the current conditions, the existence of bankrupt auctions allows citizens to purchase cars at a certain ...

SSANGYONG MOTOR FILES FOR BANKRUPTCY

The South Korean subsidiary of the Indian auto holding Mahindra and Mahindra (M&M), Mahindra Ssangyong Motor, has filed for bankruptcy. This happened after the automaker missed another payment on the JP Morgan Chase Bank loan in the amount of 60 billion Korean won (40.5 billion rubles) on December 14. The South Korean Stock Exchange has been informed by SsangYong Motor ...

THE ISSUANCE OF CAR LOANS INCREASED BY 97.6%

In January-August of this year, the issuance of car loans in Russia increased by 97.6% compared to the same period last year and reached 1.6 trillion rubles. This was announced by the National Bureau of Credit Histories. In total, 1.1 million car loans were issued to Russians in January-August 2024. This figure is 87.5% more than last year's figures for the same period. According to the press service at the National Bureau of Credit Histories of TASS, most of these loans were issued in Moscow (more...

GERMAN TUNING STUDIO CARLSSON DECLARED BANKRUPT

... to wind down its activities. The German company failed to cope with the financial difficulties that hit a few years ago. The other day it became known that the company was put up for sale. The company has already sold out a collection of classic cars and stopped tuning. If there are no investors willing to invest in the business, Carlsson expects complete liquidation. The tuning studio was founded by the Hartge brothers 34 years ago. The workshop received its brand name in honor of the Swedish ...

PARKING DOESN'T COUNT. THE SUPREME COURT FORBADE FINING A DRUNK MOTORIST

The Supreme Court of the Russian Federation considered the case on the issue of bringing a person to administrative responsibility for driving a vehicle under the influence of alcohol. A traffic police officer drew up a protocol on an administrative offense due to the fact that a citizen was driving a vehicle while intoxicated. The courts of two instances recognized the legality of bringing a person to administrative responsibility. However, the Supreme Court of the Russian Federation canceled...

DISABLED PEOPLE WANT TO BANKRUPT RUSSIAN NISSAN

The corresponding application against the Russian automaker company was filed with the Arbitration Court of the city of St. Petersburg and the Leningrad Region (case no. A56-109100/22). The applicant was the regional public organization of disabled people "Otrada". This is reported on the website of the arbitration file. It is noteworthy that Otrada is already known for demanding large payments from well-known car brands (Volkswagen, Toyota, Kia, etc.), which is very similar to consumer...

case: WHAT TO DO IF A DISASSEMBLED CAR WAS GIVEN TO THE TENDER MASS

Ilya Komissarov, senior partner of VILEX GROUP, told about the recovery of losses for the return to the competitive mass of the car in disassembled form. The bankruptcy trustee of the company decided to challenge the transaction, since it was made between affiliated persons during the period of the company's insolvency – in order to harm the property rights of other creditors. The court declared the transaction ...

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