Tuesday, January 14, 2025

Huge electric car dealer has gone bankrupt – owes millions

One of Norway's absolute largest electric car dealers, Marcus Bil, could not save itself despite changes in management. And now the company is bankrupt.

A turnover of more than a quarter of a billion Swedish kroner and a change in management just around New Year has not been enough to save Marcus Bil.

On Tuesday this week, one of Norway's largest electric car dealers went bankrupt with a debt of NOK 8 million. In addition, DKK 20 million is due in car loans on leased cars.

Before Tuesday's bankruptcy for the parent company, several subsidiaries in various Norwegian cities had already turned around.

This is written by Norwegian E24 .

READ ALSO: Formula 1 boss threatened Kevin Magnussen's rival

– There have been some flashing warning lights for a long time. The board discovered the problems around New Year, and the management was replaced in an attempt to gain an overview and potentially save the company, says Bjorn Amundsen, managing director of Marcus Bil.

According to the company management, one of the things that Marcus Bil has broken the neck of is Tesla itself. Specifically, it has not been easy for the Norwegians to handle the often wild price reductions that the car brand has repeatedly enticed with the last few years.

In the end, however, the managing director believes that it was one of the banks Marcus Bil had loans with that lost patience.

– They were not so easy to deal with, says a comment about living at the mercy of the bank to the media Dagens Industri.

The bankruptcy of Marcus Bil is just the latest in a long series of bankruptcies in the automotive industry. Here, even the really big companies struggle to survive. The rim manufacturer BBS is on its way to the 5th bankruptcy in history. And German Recaro is very close to filing for bankruptcy. Read more about it here .

Read more exciting news from and about the world of motorsport right here!

Latest

Don't miss

Police officer charged with letting wife drive 200 km/h

A Swedish policeman has been charged for chasing a...

Gasoline prices are now rising in Denmark – more may be on the way

The price of oil is on the rise. And...

Embarrassing – hydrogen buses worth 15 million kroner cannot be refueled

In Sweden, a regional transport company has purchased two...

Cyclists want impossible demand against cars made into law

The Cyclists' Association wants their bicycles to be taken...

Björn scolds people without electric cars – "You don't understand"

Swede Björn Ferry is now lashing out at people...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

50 percent more car companies will go bankrupt by 2025

2024 was a bloodbath for and in the automotive industry. There is no sign that it has stopped. On the contrary, the number of...

Tesla is building the new Model Y in Berlin today

According to the German media outlet Handelsblatt, management at Tesla's German factory on the outskirts of Berlin has informed employees that they will be...

Formula 1 profile trashes Elon Musk: "He's a dick"

Former Formula 1 coach and current commentator Martin Brundle doesn't mince words when it comes to his views on Elon Musk, whom he calls...

Tomrer became a billionaire on Tesla – Christopher lost everything

Tomrer Christopher DeVocht became a billionaire by trading Tesla shares at just the right time. Today, he has lost everything and is going to...

Minister refuses – will not make electric cars more expensive

Tax Minister Rasmus Stoklund (S) will not impose higher taxes on electric cars, even though an environmental and economic expert believes it is high...

Save up to 20% on tickets to the Auto Show 2025 – Buy Early Bird tickets now!

Are you ready for the ultimate car experience of the year? Denmark's largest car show, Auto Show Denmark , returns on September 6-7, 2025...

Audi is in deep trouble – a quarter of a million cars are missing

Audi's sales plummeted in 2024. Things were worst at home in Germany. In total, the brand is almost a quarter of a million cars...

Lamborghini makes shock announcement – dropping all cars without electric motors

Although Lamborghini recently had to admit that the market is not ripe for a pure electric car, the brand is still dropping all cars...

Honda teams up with scandal-ridden Chinese company

Honda has chosen Chinese company Huawei, which is working on a 5G offering in Denmark, to supply the infotainment system for the brand's future...

Wise man wants high tax on electric cars in Denmark

Environmental and economic expert Lars Gårn Hansen recommends that the government introduce higher taxes on electric cars earlier than planned. However, car importers fear...

6 out of 10 electric car owners experience significant loss of range

NAF, the Norwegian answer to FDM, now says that electric car owners should expect their cars to lose between 20 and 30 percent of...

Who is Shmee150? Here's the story of Tim Burton

You know him as Shmee150, but his real name is Tim Burton. Here's the story of one of the world's most popular automotive YouTubers....
footer.txt Viser footer.txt.