The Aldergrove Star reports that FTI Consulting, which was appointed as the company’s receiver and manager last year, decided against selling the assets en masse, following ten responses to a public invitation for purchase offers.

The company was unprepared for the financial disruptions caused by the COVID-19 pandemic and didn’t receive the necessary financial support from the government.

Together with its financial and legal advisors, Nikola assessed “available and credible alternatives” that would allow it to keep the business going, but it has now concluded that a “structured sale process” of its assets would be the best way to return money to its stakeholders.

Hino pays a reported US1.6bn to settle the case.

After a downturn in wheel demand in Europe, Accuride Wheels Europe & Asia GmbH, a subsidiary of the U.S.-based Accuride Corp, filed for insolvency on February 5, 2025, at the Wuppertal District Court in Germany.

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.

According to the company, Canoo faced rapid cash depletion and difficulties in securing additional funding due to uncertain demand for its microbus-inspired cargo vans.

The Hyzon Board of Directors announced that they have unanimously approved a plan to dissolve the company and liquidate its assets, pending shareholder and regulatory approval. A mandatory disclosure has been submitted to the US Securities and Exchange Commission (SEC).

In late December 2024, Lion Electric obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) in Canada and filed for Chapter 15 bankruptcy in the United States.

According to the company, the July 2024 temporary delisting from the NASDAQ  and mounting regulatory pressures were key drivers behind its collapse. At the time of filing, Ideanomics reported liabilities of up to USD 500 million.

On December 23, 2024, the company issued a “Worker Adjustment and Retraining Notification (WARN) Act” which notified employees at its Bolingbrook, Illinois, and Troy, Michigan, facilities, of potential layoffs. These notices initiate a 60-day period before workforce reductions take effect, with layoffs expected to be completed by February 2025 if the company cannot secure additional funding.

By restructuring the business, Northvolt hopes to raise a total of USD245m in new financing, including USD145m in cash collateral and USD100m of debtor-in-possession finance from an existing customer.