Overview
- Autobahn withdrew its High Court appeal and said it will work with hirers and lenders to return leased vehicles.
- LTA said some policies were not renewed or were cancelled, which makes affected cars unlawful to operate on public roads.
- Receiver Baker Tilly, appointed for 58 financed cars, says it has not located the vehicles and has posted their registration numbers to reach drivers.
- Autobahn and related entities owe more than S$300 million, with banks including DBS, UOB, OCBC and Maybank among creditors.
- NTUC, LTA, Grab, ComfortDelGro and Strides Premier are coordinating short-term vehicle access for displaced drivers, with waived deposits and early rental incentives.