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Old 05-03-2009, 04:30 AM   #1
AVANTI R5
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Member#: 73805
Join Date: Nov 2004
Default Electric Carmaker Phoenix Motors Files for Bankruptcy Protection


As quiet as an electric car, Phoenix Motors files under Chapter 11

Quote:
RIVERSIDE, CA - May 2, 2009: Phoenix Motors entered the electric vehicle sweepstakes a couple of years ago brimming with promises to deliver highway speed electric-powered pickup trucks and SUVs. The company staged several elaborate preview parties and counted among its supporters noted actor/dedicated environmentalist Ed Begley, Jr. But this past Thursday afternoon, at U.S.

Bankruptcy Court in Riverside, California, the company filed for bankruptcy. No details were given to the media and the company's website makes no mention of the event.

Phoenix Motors was a regular participant at all the leading alternative fuel/vehicle expositions, and presented an exciting story that differed from most others small electric cars contenders by targeting the segment of the market that would want larger vehicles with electric performance.

The Auto Channel had the opportunity on several ocassions to interview various members of Phoenix' management team and videotape their comments at tradeshows. Click on the links below to learn more about Phoenix Motors and watch the videos
http://www.theautochannel.com/news/2...02/459180.html
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Old 05-03-2009, 05:15 PM   #2
flexer
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man, over the years i've heard at least a dozen companies like this who promised to bring electric cars to us in a few years and completely revolutionize transportation blablablabla....
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