Onto, which operates an electric vehicle subscription service, has drafted in Deloitte to explore a sale weeks after Legal & General said it would not inject more money, Sky News learns
The company is understood to have been hit by the dwindling value of electric cars, with its borrowings secured against its fleet.Announcing its investment last year, Wian Pieterse, a managing director at L&G, said:"At Legal & General we're committed to playing our part in tackling the climate crisis and investing with purpose into companies that do good.
"Onto is an exciting example of this; an ambitious company with a talented management team that will play a vital role in accelerating the transition to electric vehicles. "We expect to see increasing demand for subscription models that not only pave the way towards a sustainable way of living but also meet the needs of those who don't want to tie up valuable savings or incur a loan to buy a car.", which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend your preferences to enablecookies or to allow those cookies just once.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stray achievements purr their way onto XboxThe fantastic cat adventure game Stray finally comes to Xbox this month, and we've got the Xbox achievement list ahead of next week's launch.
Read more »
Trump Is 'The Most Ethical American I Know,' His Legal Spokesperson Gushes“No tapes were deleted. He turned them over,” lawyer Alina Habba said of Mar-a-Lago security video. “He cooperated as he always does.”
Read more »