Tag #Autolib

What is the financial impact of the Paris administrative court of appeal's decision regarding the Autolib' contract termination?

Bolloré's Autolib' car-sharing service will receive €66 million in compensation from Parisian municipalities due to the 2018 contract termination. The ruling by the Paris administrative court of appeal concludes that the contract's clauses covered losses exceeding €60 million, and that these losses were primarily due to overly optimistic initial revenue projections, not Bolloré's mismanagement. The compensation includes €44.9 million for operational losses, €13 million for charging stations, and €8.2 million for contract termination costs.