A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Ecotality, Maker of Electric-Car Chargers, Files Bankruptcy (2) – Businessweek

Ecotality Inc. (ECTY) , a maker of charging stations for electric cars, filed for bankruptcy with plans to sell itself at a court-supervised auction to pay off debt.
A unit of the company, Electric Transportation Engineering, listed assets valued at as much as $50 million and debt of as much as $500 million in a filing yesterday in U.S. Bankruptcy Court in Phoenix. The company operates a network of electric-vehicle charging stations under the Blink brand name.
“While today’s bankruptcy filing is regrettable, it is a necessary step to ensure that we continue meet the needs of Blink customers and continue to operate the Blink network,” Chief Executive Officer Ravi Brar said in a statement.
In August, the company warned investors that it might be forced into bankruptcy, partly because of weaker-than-anticipated salesand a failure to release a new version of its Minit Charger this year.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.