Speculation has surrounded the company all week since it became known on Monday that it had stopped production and sent 700 of its 1,000-strong workforce home.
The Financial Times on Friday morning put a figure on the likely capital infusion but LDV had no comment to make when contacted at ‘press time’ by just-auto.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.