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Business News

Restructure

Israel

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Restructure

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AI, Digitalisation & Robotics

|

Connectivity

REE to halve its workforce in order to remain solvent

By Bradley Osborne – 23rd June 2025

The company says it has initiated cost cutting measures to decrease its expenses by approximately 55% to an average of USD2.7m per month, with the aim of maintaining the business as a going concern beyond the next twelve months.

Fuso relocates KD parts warehouse to port city of Yokohama

Japan

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Restructure

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Distribution & Aftermarket

Fuso relocates KD parts warehouse to port city of Yokohama

By Will Pulson – 21st June 2025

Lion Electric may avoid liquidation

Canada

|

Legal

|

Restructure

Lion Electric may avoid liquidation

By Luke Willetts – 9th June 2025

Switch Mobility’s facility in the UK facing possible closure

UK

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Strategy/Policy

Switch Mobility’s facility in the UK facing possible closure

By RACE Innovations Pvt Ltd – 2nd June 2025

Accuride restructures after filing for bankruptcy

USA

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Restructure

Accuride restructures after filing for bankruptcy

By Luke Willetts – 26th May 2025

UK

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Restructure

Volta Trucks enters administration following failed relaunch

By Bradley Osborne – 12th May 2025

According to a press release published on the company website, the board took the decision to put Volta Trucks into administration when it failed to raise the investments needed to maintain its capital expenditure towards a relaunch.

Canada

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Legal

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Restructure

Vicinity Motor assets to be auctioned at the end of May

By Bradley Osborne – 12th May 2025

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.

USA

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Restructure

Volvo North America to lay off up to 800 workers at three U.S. plants

By Bradley Osborne – 28th April 2025

According to a Volvo spokesman, the market has been negatively impacted by “uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs”.

Germany

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Restructure

Webasto to shed 650 jobs in Germany by end of 2025

By Bradley Osborne – 24th April 2025

Locations affected by the measures include Gilching, Hengersberg, Neubrandenberg, and Utting, in addition to the headquarters.

Germany

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Restructure

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Electric Charging

Siemens charging business restructure to affect 450 jobs

By Bradley Osborne – 31st March 2025

The company stated that the market for electric charging infrastructure is labouring under “strong price pressures” and declining growth potential for low-power chargers.

USA

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Restructure

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Autonomous Vehicles

TuSimple rebrands as CreateAI as it shifts away from self-driving technology

By Bradley Osborne – 7th March 2025

The company has signalled its intention to move away from its work on self-driving vehicles towards applications in the digital entertainment industry, after coming under investigation from American authorities for illicit technology transfers to China (settled in 2024).

USA

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Wheels & Tyres

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Restructure

Bridgestone to close LaVergne (USA) CV tyre plant

By Will Pulson – 28th February 2025

Closure is part of broader efficiency drive.

Germany

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Restructure

Voith considers sale of commercial vehicle business

By Bradley Osborne – 18th February 2025

On 17 February, the German group stated that, due to the “high level of investment required” to expand its EV portfolio, it is considering whether the commercial vehicle business would perform better in “a different environment”.

UK

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Restructure

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Strategy/Policy

HVS seeks funding to restructure into a technology licensing company

By Luke Willetts – 17th February 2025

“Despite substantial investments, including GBP 25 million in UK government grants, the vision of vehicle manufacturing has failed,” the British startup said in a press release announcing its change of strategy.

Sweden

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Battery Systems, Supercapacitors & Solar

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Restructure

Scania steps in to support struggling Northvolt

By Bradley Osborne – 12th February 2025

Since November of last year, Scania has sent employees to the ‘Ett’ plant at Skellefteå in northern Sweden to assist with the ramp-up of cell production, according to a Reuters report.

France

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Restructure

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Appointment

OPmobility makes organisational changes and executive appointments

By Bradley Osborne – 4th February 2025

The French manufacturer says it will reorganise itself into four business groups: Exterior & Lighting; Modules; C-Power; and H2-Power.

Germany

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Restructure

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Appointment

Webasto brings in restructuring expert to secure its future

By Bradley Osborne – 30th January 2025

Stohner, who is managing director of Alvarez and Marsal, known for its turnaround and performance improvement work, took up the role of Chief Restructuring Officer on 15 January following “weeks” of discussions with Webasto.

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    • Hydrogen Fuel Cells
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