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Angelika Warmuth - 1 Nick Carey - 1
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REUTERS - 1 Volta - 1 Volta Trucks - 1 Management - 1 Alvarez - 1 Marsal Europe - 1 EV - 1 Lordstown Motors - 1

Search resuls for: "Marsal Europe"


2 mentions found


☆ Management of bankrupt Volta Trucks seeking buyer - source
  + stars: | 2023-10-19 | by ( Nick Carey | ) www.reuters.com   time to read: +2 min
A Volta Zero electric truck is seen during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 6, 2023. REUTERS/Angelika Warmuth Acquire Licensing RightsCompanies Volta Trucks AB FollowLONDON, Oct 19 (Reuters) - The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration and help it complete the ramp-up to mass production, a source familiar with the issue told Reuters. The startup had picked a factory in Austria to make its trucks and had been working toward mass production. Representatives of executives at Alvarez & Marsal Europe (A&M), who have been appointed as bankruptcy administrators for Volta Trucks' UK operations, could not be reached for comment. A few, including EV parts supplier Proterra and electric pickup truck maker Lordstown Motors, have begun bankruptcy proceedings.
Persons: Angelika Warmuth, Nick Carey Organizations: REUTERS, Volta, Reuters, Volta Trucks, Management, Alvarez, Marsal Europe, EV, Lordstown Motors, Thomson Locations: Munich, Germany, Sweden, United Kingdom, Austria
☆ Venator Materials' investor pushes for board change amid plummeting stock price
  + stars: | 2023-01-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +3 min
J&T wrote that it has tried to work constructively with the Venator board since May 2022 but has encountered "apparent delay tactics and gamesmanship." "We strongly urge you to immediately add myself and another independent director to be nominated by us to the Board," the letter said. Venator said it has an open dialogue with all shareholders and has worked to engage in "constructive conversations" with J&T. Venator was spun off from chemical company Huntsman Corp (HUN.N) and its share price tumbled 71% in the last 52 weeks. While Venator rivals have directors with broad experience, the Venator board's skills are focused mainly on the chemicals industry and have prevented it from creating "a go-forward strategy to restore confidence among investors," the J&T letter said.
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