High-Tech Brakes Company Collapses | Liverpool News

High-tech supercar brake maker Surface Transforms, once backed by big names like GM, Mercedes, and Tesla, collapsed under the weight of production failures and mounting debt. Despite a major loan from the Liverpool City Region Combined Authority and a lucrative GM contract, the company couldn’t meet targets, leading to early contract termination and crippling bills. Administrators stepped in, but the company filed for administration, owing millions to creditors. A last-ditch sale to a new firm, CCST, yielded a fraction of its original value—leaving workers unemployed and investors with little to show for their faith. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c2a770c85272c096