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Californian Monarch Tractor Collapse Puts Belgian Millions at Risk
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Californian Monarch Tractor collapse puts Belgian millions at risk
The Californian Monarch Tractor, a pioneer in self-driving and ‘smart’ electric tractors, is in dire straits. The company lays off almost all of its staff, puts its research site up for rent, and auctions off its assets. The Flemish taxpayer and a number of wealthy Belgian industrial families (Colruyt, Toye, Adriaenssen-de Spoelberch, Thermote) risk losing out. The American tractor company produces fully electric, autonomous tractors that can pl…
05:32 Things are going from bad to worse for the American manufacturer of self-driving electric tractors, Monarch. The company is laying off almost all of its staff, putting its research site up for rent, and auctioning off its assets. The ...
·Belgium
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