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Ecotality could file for bankruptcy

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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.

 

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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!
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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.
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