The Sunsundegui company, a prominent Spanish bus bodybuilder since 1956, faced insolvency proceedings starting in September 2024, ultimately leading to its liquidation by May 2025. The company struggled with significant debts, totaling €48.8 million, alongside operational inefficiencies and dwindling liquidity, which hampered its production capability despite having an order backlog of 530 buses. Failed investment talks and a key manufacturing partnership cancellation further intensified financial strains. By mid-May 2025, the Mercantile Court approved the dismissal of 320 employees, marking the end of an era for the company as it ceased operations completely.
The Sunsundegui insolvency process, initiated in September 2024, has culminated in the liquidation of the Spanish bus bodybuilder.
The company suffered from a lack of liquidity, organisational inefficiencies, and technical limitations, making it impossible to meet production demands profitably.
The collapse of investment talks with Dumarey Group and Volvo's cancellation of a manufacturing partnership exacerbated Sunsundegui's financial difficulties.
The Mercantile Court cited lack of viable business continuity and insufficient revenues as reasons for approving the collective dismissal of employees.
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