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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Carbon Revolution collapse comes as administrators say wheel maker was likely insolvent months before going bust

Carbon Revolution was probably trading insolvent for more than three months before it went bust, say the administrators of the collapsed lightweight-wheel maker, after it had accumulated losses of $347 million since mid-2022. A report by McGrathNicol into the financial woes of Carbon Revolution found that having high-cost manufacturing operations in Geelong, thousands of kilometres…