V-Vehicle Misses Key Deadline, Forfeits $87 Million From Louisiana
#1
03-01-2010, 10:10 AM
V-Vehicle Misses Key Deadline, Forfeits $87 Million From Louisiana
Bad news for startup automaker V-Vehicle: the company has missed a crucial funding deadline, and as a result, it will forfeit $87 million in cash and incentives from the state of Louisiana for V-Vehicle's new plant in Monroe. As per an agreement with the state, V-Vehicle needed to demonstrate that it had amassed a minimum of $350 million in... More...
Last edited by Jazz; 03-01-2010 at 10:15 AM.
#2
03-01-2010, 12:56 PM
