The future of bus manufacturer Ebusco uncertain after another bad figures

After another disappointing first six months, the future of electric bus manufacturer Ebusco is at stake. In its report for the first half of the year, the company mentions a number of uncertain factors, including whether it can raise money from external financiers. This is necessary in order to be able to continue building buses, and thus make a turnover. The company is working on a recovery plan. The company based in Deurne continues to suffer…

In the past six months, Ebusco suffered a net loss of almost 65 million euros. The company, founded in 2012, fell by more than 14 percent to 1.30 euros on Wednesday.

The electric bus manufacturer Ebusco recorded lower sales and a larger loss in the first half of the year. This is partly due to start-up problems when outsourcing production activities. There were also problems with finishing the buses at the Ebusco production site in Deurne.