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Phoenix Motorcars files for Chapter 11
Details are still very sketchy, but it appears that Phoenix Motorcars filed for Chapter 11 bankruptcy on Monday, April 27th. Not surprisingly, the global economic downturn is cited as one of the main reasons for the filing, but another major contributing factor was a recent $5.3 million arbitration apparently won by former drivetrain supplier UQM. We've placed two separate calls with Phoenix Motorcars, which have so far gone unanswered. If we do happen to hear something back, we'll be sure to share it with our readers, but we're not ... Read more →
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Phoenix Motorcars files for Chapter 11 7 months ago on Autoblog Green
Details are still very sketchy, but it appears that Phoenix Motorcars filed for Chapter 11 bankruptcy on Monday, April 27th. Not surprisingly, the global economic downturn is cited as one of the main reasons for the filing, but another major contributing factor was a recent $5.3 million ...
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