The end of a great adventure?
Navya's small autonomous shuttle, a formidable tricolor find, has been talked about for almost nine years.
But after years of driverless driving trials in France, the United States, Singapore and Japan, after a waltz of leaders and a disastrous stock market journey, Navya's story turns into a nightmare.
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On Tuesday, the Lyon commercial court should place the Villeurbanne company, which employs 280 people, in receivership.
Its current leaders declared it insolvent on January 25.
“
All attempts at backing with investors have failed
,” Navya explained, acknowledging that it does not have “
sufficient available resources to meet
” the liabilities.
Read alsoRenault agrees to reduce its stake in Nissan
The quotation of the company, whose action fell to 3 euro cents, was suspended.
When it was introduced in 2018, the price was set at 7 euros.
Navya's losses piled up: 13.2 million…
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