What’s next? Or is the project over? After weeks of uncertainty and a total production standstill in this area, Volta Trucks’ future electric truck project, which is so important for Steyr Automotive, seems to be getting back on track. An American fund worth billions is ready to be taken over.
To meet delivery times, Steyr Automotive recently even started building vehicles. However, only two trucks were built. In addition, the management around Florian Mayrhofer and Günther Heiden also put the employees who had recently worked for the Volta project back to work.
And the sparrows are already whistling from the rooftops: the rescue of Volta Trucks is within reach! The American billion-dollar fund Luxor Capital Group wants to take over the Swedish company, Sky News announced.
Luxor joined Volta as an investor in 2022
Luxor already knows the electric truck brand: the company joined Volta in 2022 as one of the largest investors in a financing round of 230 million euros. If the deal is completed, it would be a very important signal for Steyr Automotive, where there was a real mood of optimism after the commitment and series start of Volta Trucks.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
