Sunday, October 20, 2024

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 .

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– 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!

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