Ecotality could file for bankruptcy

| Print |  Email
Must Reads
Thursday, August 15, 2013

Electric vehicle charger maker Ecotality is considering bankruptcy amid disappointing sales. The company consolidated its Portland sales force earlier this year.

Ecotality had received more than $90 milliion in funding through the recently ended federal stimulus program.

What’s more, the company will face an investigation from a shareholder and consumer rights litigation firm.

Read more at Sustainable Business Oregon.

 

Comments   

 
Guest
+2 #1 What? Another governemtn failure?Guest 2013-08-15 18:23:37
For some reason I'm not surprised at this announcement. When will people understand that the government is not equipped with the right people to start businesses? How many billions of dollars have been flushed down the drain; money used to line the wallets of donors to the current regime?
Good grief, wake up and smell the roses!
Quote | Report to administrator
 
 
Guest
+1 #2 Stimulating LossesGuest 2013-08-15 18:32:44
Yet another waste of taxpayer money as the great "stimulus" plan by Obama results in yet another "green" company bleeding red ink until it's bankrupt. Why does anyone in government think they know which companies are viable? If these companies were so attractive they would get PRIVATE investment. While our veterans' benefits are being reduced and Meals on Wheels funds are declining and the American people are locked out of their house because of the Sequestration, we are daily reminded of the previous moronic decisions by the government.
Quote | Report to administrator
 

More Articles

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

Ski traffic

News
Tuesday, January 20, 2015
0121-skiway-thumbBY LINDA BAKER | OB EDITOR

A place-based multimodal transportation plan for Mt. Hood is long overdue.


Read more...

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS