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aus+uk / uk.rec.cycling / Re: British Volt - new developments

SubjectAuthor
* British Volt - new developmentsSpike
+- Re: British Volt - new developmentsJNugent
`* Re: British Volt - new developmentsBrian
 `- Re: British Volt - new developmentsJNugent

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British Volt - new developments

<k4bu49Fnk1vU1@mid.individual.net>

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From: Aero.Sp...@mail.invalid (Spike)
Newsgroups: uk.rec.cycling
Subject: British Volt - new developments
Date: 6 Feb 2023 09:04:09 GMT
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 by: Spike - Mon, 6 Feb 2023 09:04 UTC

According to this morning’s financial news, the business and assets of the
collapsed firm British Volt have been acquired for an undisclosed sum by
the Australian firm of Recharge Industries, itself a subsidiary of the New
York organisation Scale Falicitation.

This acquisition is expected to give Recharge a toe-hold in the European
gigafactory business sector.

--
Spike

Re: British Volt - new developments

<k4c8a2Fp3m5U3@mid.individual.net>

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From: jennings...@mail.com (JNugent)
Newsgroups: uk.rec.cycling
Subject: Re: British Volt - new developments
Date: Mon, 6 Feb 2023 11:57:54 +0000
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 by: JNugent - Mon, 6 Feb 2023 11:57 UTC

On 06/02/2023 09:04 am, Spike wrote:
>
> According to this morning’s financial news, the business and assets of the
> collapsed firm British Volt have been acquired for an undisclosed sum by
> the Australian firm of Recharge Industries, itself a subsidiary of the New
> York organisation Scale Falicitation.
>
> This acquisition is expected to give Recharge a toe-hold in the European
> gigafactory business sector.

This is one of the reasons for official insolvency procedures. It allows
poorly-run and/or under-capitalised enterprises to fall into stronger
and more capable hands.

Re: British Volt - new developments

<trqq9c$32n39$1@dont-email.me>

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From: noi...@lid.org (Brian)
Newsgroups: uk.rec.cycling
Subject: Re: British Volt - new developments
Date: Mon, 6 Feb 2023 12:02:52 -0000 (UTC)
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 by: Brian - Mon, 6 Feb 2023 12:02 UTC

Spike <Aero.Spike@mail.invalid> wrote:
>
> According to this morning’s financial news, the business and assets of the
> collapsed firm British Volt have been acquired for an undisclosed sum by
> the Australian firm of Recharge Industries, itself a subsidiary of the New
> York organisation Scale Falicitation.
>
> This acquisition is expected to give Recharge a toe-hold in the European
> gigafactory business sector.
>

They ( the Australian Co.) seem to have bought a factory that exists only
in pictures / on paper.

We ( taxpayers) have ‘invested’ ( note the quotes) a huge amount in this
paper factory and, presumably, will get little if anything in return. A
whole new meaning to Net Zero.

😞

Re: British Volt - new developments

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From: jennings...@mail.com (JNugent)
Newsgroups: uk.rec.cycling
Subject: Re: British Volt - new developments
Date: Mon, 6 Feb 2023 12:10:13 +0000
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 by: JNugent - Mon, 6 Feb 2023 12:10 UTC

On 06/02/2023 12:02 pm, Brian wrote:

> Spike <Aero.Spike@mail.invalid> wrote:
>>
>> According to this morning’s financial news, the business and assets of the
>> collapsed firm British Volt have been acquired for an undisclosed sum by
>> the Australian firm of Recharge Industries, itself a subsidiary of the New
>> York organisation Scale Falicitation.
>>
>> This acquisition is expected to give Recharge a toe-hold in the European
>> gigafactory business sector.
>
> They ( the Australian Co.) seem to have bought a factory that exists only
> in pictures / on paper.
>
> We ( taxpayers) have ‘invested’ ( note the quotes) a huge amount in this
> paper factory and, presumably, will get little if anything in return. A
> whole new meaning to Net Zero.
>
> 😞

Losing money is one of the risks of investment.

It is particularly acute in cases of poor management.

It'll be OK. The company acquiring the assets (such as they are) will
not have done so blindly.

aus+uk / uk.rec.cycling / Re: British Volt - new developments

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