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V-Vehicle Misses Key Deadline, Forfeits $87 Million From Louisiana

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Old 03-01-2010 | 10:10 AM
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Information 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...

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Last edited by Jazz; 03-01-2010 at 10:15 AM.
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Old 03-01-2010 | 12:56 PM
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the v vehicle company better get on the ball if it wants it funding
 


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