V-Vehicle Misses Key Deadline, Forfeits $87 Million From Louisiana
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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; Mar 1, 2010 at 10:15 AM.
