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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 →

Vectrix in trouble, may be for sale Jeremy Korzeniewski

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

Vectrix in trouble, may be for sale 8 months ago on Autoblog Green

Over the last few weeks, we've heard rumblings around the internet that electric scooter maker Vectrix might not be on firm financial footing. The first signs of trouble became apparent last month as reports from the UK indicated that Vectrix "will not be able to publish its Report and Accounts for ...

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Guide to Common Green Acronymns

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

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