El miércoles, Nikola Corp., una vez un favorito de la industria de los vehículos eléctricos, solicitó la protección de bancarrota del Capítulo 11. Este movimiento señaló la culminación de un viaje tumultuoso de una empresa valorada en $ 26 mil millones en 2020 a uno que ahora busca liquidar activos...
https://fullavantenews.com/para-nikola-la-escritura-estaba-en-la-pared/?lang=es
On Wednesday, Nikola Corp. — once a darling of the electric vehicle industry — filed for Chapter 11 bankruptcy protection.
This move signaled the culmination of a tumultuous journey from a company valued at $26 billion in 2020 to one now seeking to liquidate assets and restructure operations. Its bankruptcy filing paints a stark picture of Nikola’s financial woes, with assets estimated between $500 million and $1 billion against liabilities ranging from $1 billion to $10 billion.
As the company...
https://www.freightwaves.com/news/for-nikola-the-writing-was-on-the-wall
Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after failing to secure a buyer or raise additional capital. The Phoenix-based manufacturer of zero-emissions trucks announced it will pursue an auction and sale process for its assets as it grapples with ongoing financial difficulties.
This marks a dramatic fall for a company that was, at its valuation peak in 2020, briefly worth more than Ford Motor Co.
“Like other companies in the electric vehicle industry, we have faced various...
https://www.freightwaves.com/news/nikola-files-for-chapter-11-bankruptcy-protection
The sun may be setting for Phoenix-based Nikola Motors after a recent Bloomberg report said the electric truck maker is considering a possible sale or partnership as it attempts to raise capital to stay afloat. This is not new for Nikoka, but like a financial game of musical chairs where you burn the chairs to keep warm, there may be no more chairs left.
MSN reported that Nikola’s stock price has collapsed to a record low. The company once worth $26 billion in 2020 is now estimated at $74...
https://www.freightwaves.com/news/nikola-seeks-financial-lifeline-amid-bankruptcy-rumors
El espacio de los vehículos eléctricos de servicio mediano sigue reduciéndose. Canoo, la startup de vehículos eléctricos de siete años, se acogió al Capítulo 7 de la ley de bancarrota y anunció el cese inmediato de sus operaciones. A presione soltar señaló que el proceso de liquidación está siendo...
The medium-duty electric vehicle space continues to get smaller. Seven-year-old electric vehicle startup Canoo has filed Chapter 7 bankruptcy and announced an immediate halt to operations. A press release noted the liquidation process is being overseen by a bankruptcy trustee in the Delaware Bankruptcy Court.
Canoo Inc., once listed on the Nasdaq Composite under the ticker symbol GOEV, was a notable player in the EV market, particularly in the electric cargo segment. Despite its partnerships...
A story that is seeming to become all too familiar is carriers being left high and dry following a broker’s bankruptcy filing. Earlier this year there was Surge Transportation that went through Chapter 11, a restructuring bankruptcy, but all outstanding debt before the filing date is subject to court approval for payments.
Now as Convoy truly winds down operations, carriers are left holding the metaphorical bag, not the physical bag as that would indicate they had received...
https://www.freightwaves.com/news/check-call-the-brink-of-broker-carrier-relationships
One of the world’s largest and highest-profile dockworker unions, the International Longshore and Warehouse Union (ILWU), filed for Chapter 11 bankruptcy protection on Sept. 30, seeking to shield itself from a crippling damage award owed to Philippines-based International Container Terminal Services Inc. (ICTSI).
But the bankruptcy filing is not the end of the saga. The legal battle continues.
Under the proposed reorganization plan, the ILWU would give $6.1 million to terminal operator ICTSI,...
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Yellow exec to sales staff: Bankruptcy on Monday
The saga of...
https://www.freightwaves.com/news/loaded-and-rolling-yellow-exec-says-bankruptcy-coming-monday