Solar car project failed: Sono Motors could now even face bankruptcy
Sono Motors could face bankruptcy. Accountants doubt that the company can continue.
After the termination of the Sion project in February, the Munich carmaker Sono Motors could even face bankruptcy. As “Capital.de” first reported, a message from the manufacturer shows that auditors have “considerable doubts about our ability to continue the company”. Due to high losses and uncertainties in financing, Sono Motors could soon face insolvency.
Sono Motors: Capital may not be sufficient to sustain operations
Sono Motors admitted to the regulator that the next report from the auditors will probably show “that at the time of the audit report our capitalization will not be sufficient to continue operations”.
Sono Motors was founded in 2016 by Laurin Hahn, Navina Pernsteiner and Jona Christians in Karben, Hesse, and employs 402 people. (as of September 2022).
The original of this article “Sono Motors could now even face bankruptcy” comes from EFAHRER.com.