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Vectrix officially files for bankruptcy, plans to stay in business

Vectrix has officially filed for Chapter 11 bankruptcy protection. Much like what recently took place with General Motors and Chrysler, the old company will be purchased by an entity called New Vectrix LLC in relatively short order unless another interested party comes along and presents a better offer to the bankruptcy judge. Production of the electric scooter in Poland isn't expected to be affected. Says the company: "The total purchase price consists of a cash payment of $1,750,000 plus the assumption of up to $3,306,000 in specified ... Read more →

REPORT: Vectrix ready to file for bankruptcy Jeremy Korzeniewski

According to the Providence Journal, electric scooter maker Vectrix has laid off nearly all of its employees and is likely headed for bankruptcy within the next 30 days if new investors or a ...

Vectrix officially files for bankruptcy, plans to stay in business 2 months ago on Autoblog Green

REPORT: Vectrix ready to file for bankruptcy 5 months ago on Autoblog Green

According to the Providence Journal, electric scooter maker Vectrix has laid off nearly all of its employees and is likely headed for bankruptcy within the next 30 days if new investors or a buyer isn't found in time. A quick visit to the company's home page brings up nothing. The reasons given ...

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CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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