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Investors Buying Bankrupt Israel Electric Car Firm

A group of investors has taken over the remains of Israel’s bankrupt electric car venture, pledging to give the project another boost.

The electric car company Better Place filed for liquidation in May, less than six years after unveiling a plan promising to revolutionize the auto industry by reducing the world’s oil dependency.

As recently as last August, the company was valued at $2 billion.
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