Ebusco Legal Drama: Qbuzz's Attempt to Cancel 45 Buses

Ebusco Challenges Qbuzz's Order Cancellation

Ebusco, the Brabant bus manufacturer, has taken legal action against Qbuzz as the company attempts to cancel an order for 45 buses meant for Groningen and Drenthe. According to Ebusco, the buses are already produced and largely prepared for delivery. This complex situation arises amid ongoing production challenges for the company, which has halted much of its operations while awaiting the court's decision and the conclusion of issuing new shares to investors.

Financial Strain and Legal Proceedings

On Monday morning, a preliminary hearing occurred at the Midden-Nederland court in Utrecht. Qbuzz has chosen not to comment on the issue publicly. Court documents indicate that the buses were designated for passenger transport in the mentioned regions, while Ebusco emphasizes the significant financial pressure resulting from the potential loss of this order.

• Qbuzz has recently seized several of Ebusco’s bank accounts, with plans to resolve this matter promptly.
• Analysts are increasingly concerned about Ebusco's ongoing production issues, which have driven losses upward.
• The company has previously announced plans to raise €36 million from investors to initiate a strategic shift for improved performance and delivery reliability.

Previous Cancellations and Market Impact

Qbuzz is not alone in this predicament; other companies, like the Swedish branches of Connect Bus and Keolis, have also canceled bus orders totaling around one hundred vehicles due to similar delivery issues.

The court's ruling is expected on Wednesday, marking a critical moment for Ebusco's future.