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Honda not selling CNG unit to Clean Energy Fuels

Last month, it was revealed that Honda had agreed to sell its FuelMaker Corp. to Clean Energy Fuels for $17 million. It seems that the two companies, who had until October 3 to close the deal, have called off the sale. We're not sure what the reason for the sale's cancellation are, but it sounds as if Honda was the company that initiated the termination. In a statement, Clean Energy Fuels said, "Honda delivered to us a notice that it intended to terminate the purchase agreement; and, after subsequent discussions, on October 15, 2008, we and ... Read more →

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