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Worst Car Insurance Companies, Hoonigan Files For Bankruptcy And A Sum Up Of Elon News In This Week's News Roundup - Feedavenue
Thursday, January 16, 2025
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Worst Car Insurance Companies, Hoonigan Files For Bankruptcy And A Sum Up Of Elon News In This Week’s News Roundup

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Image for article titled Worst Car Insurance Companies, Hoonigan Files For Bankruptcy And A Sum Up Of Elon News In This Week's News Roundup

Image: Hoonigan Racing

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



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