Forever 21 blames bankruptcy on de minimis exemption
Forever 21, the US clothing retailer, has gone down shouting: it has squarely blamed its ...
Image: Volta
Volta Trucks announced today it had “taken the difficult decision to take steps to file for bankruptcy proceedings”.
The electric HGV builder said the move was a consequence of battery supplier Proterra filing for Chapter 11 bankruptcy protection in early August.
Volta this had a “significant impact” on its manufacturing plans and had to reduce the number of vehicles it was forecast to produce.
It added: “The uncertainty with our battery supplier also negatively affected our ability to raise sufficient ...
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