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

LEED for weed

Linda Baker
Wednesday, January 28, 2015
012815-potcarbon-thumbBY LINDA BAKER | OB EDITOR

What is the impact of the legal pot industry on carbon emissions?


Read more...

Umbrella Revolution

March 2015
Monday, February 23, 2015

Yeah, we know: Oregonians are way too cool for umbrellas. But today’s stylish, high-tech models will soften the resistance of the most rain hardened.


Read more...

Everything old is new again: How the EEOC is reinventing itself

Contributed Blogs
Tuesday, February 17, 2015
BY TAMSEN LEACHMAN | OB GUEST CONTRIBUTOR

It is important to understand the EEOC’s priorities, and ensure that your leadership understands the shifting expectations of regulators and the heightened standards to which you (and they) may be held.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

5 companies react to lower fuel prices

The Latest
Thursday, January 15, 2015
thumb-shutterstock 233787049BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Consumers love the savings they get from low oil prices, but how has business been affected?


Read more...

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...

ZoomCare rolls out new on-demand health clinics

News
Monday, March 02, 2015
zoomcarethumbBY KIM MOORE |  OB RESEARCH EDITOR

Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.


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