Tuesday, September 29, 2009

Vectrix's next step: Bankruptcy

According to a story on the Wall Street Journal website, Vectrix is one step closer to bankruptcy with a filing with US Courts for a bankruptcy auction. However,a re-organized company is next in line to buy it, unless another company appears by the End of October deadline. Here's hoping that they can keep it going until the economy turns around and people regain their yen for spending $$ on eco-friendly transportation.

1 comment:

Tim said...

Their problem wasn't that people didn't want to spend $$, they just didn't want to spend $$$$$$$$$$. :D