German electric and fuel cell truck manufacturer Quantron is struggling to survive. The Augsburg-based company withdrew from the last IAA Transportation after participating at the anticipating press workshop as a sponsor of the event. Also, in Hannover we got to know that both sales manager Utz Rachner and marketing manager Joerg Zwilling left the company and now work for Maxus Deutschland.

So, the fact that Quantron did not have a booth at the main European exhibition was a clear sign of a challenging time experienced by the company itself. Indeed, local media are reporting news about “uncertainty” among the workforce about the future of Quantron, with wage claims currently exposed in court.

Quantron is in trouble. Local media reports

“We are in a tense situation and are aware of it,” Quantron CFO Beate Reimann said, according to Electrive. Founder and CEO Andreas Haller hasn’t officially commented the situation yet. Indeed, as posted on LinkedIn, Mr Haller suffered a heart attack right after the IAA and now he needs time to recover.

The company’s CFO seems to be optimistic about the future. “A capital increase will take place in the next few days, with which we can also settle the outstanding debts to our employees”, she said. This seems to be the only way to recover from the current situation.

Highlights

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