Australian Financial Review
Administrator says Aussie wheel-making superstar was trading insolvent for months before collapse
Executive Summary
Summary: Carbon Revolution, a lightweight-wheel manufacturer, accumulated $347 million in losses over four years before collapsing. Administrators found the company was likely insolvent by early December 2025. High operating costs at its Geelong facility, located far from suppliers and customers, contributed significantly to its failure. The company lost major contracts with electric-vehicle makers. Trade creditors may recover only 33.7–49.7 cents per dollar. A US shareholder’s proposal to take control was the only offer after a sale process attracted 145 interested parties.
Read the original at Australian Financial Review
Administrator says Aussie wheel-making superstar was trading insolvent for months before collapse
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