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RIP Carbon Motors. Having teased Greenville as a possible manufacturing site but then choosing Connersville, IN, it appears that the futuristic, purpose built, BMW powered police cruiser is DEAD.
According to this article, the company has shuttered the plant and the management team has fled.
RIP Carbon Motors. Having teased Greenville as a possible manufacturing site but then choosing Connersville, IN, it appears that the futuristic, purpose built, BMW powered police cruiser is DEAD.
According to this article, the company has shuttered the plant and the management team has fled.
Don't be too shocked if something similar happens in the future, locally with Proterra. While at the moment they seem to be "holding on", their business model is not generating fiscal growth.
Don't be too shocked if something similar happens in the future, locally with Proterra. While at the moment they seem to be "holding on", their business model is not generating fiscal growth.
Proterra is burning through federal funding and orders are coming in only at a trickle. Like I said above, they are holding on at the moment, but their whole company is built on risky financials.
Should a company really have to rely on federal funding?
Proterra is burning through federal funding and orders are coming in only at a trickle. Like I said above, they are holding on at the moment, but their whole company is built on risky financials.
Should a company really have to rely on federal funding?
2 for 2 today, I said years ago that Proterra was a high risk company. It has stayed around longer than I thought but, it is not a long term enterprise. GM will get the technology which is the only real asset.
Probably better that they didn't locate their plant here. Sounds like another 'green energy company' boondoggle.
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