via sda:
We Don't Need No Stinking Sparky Cars
CNN Money:
The guide didn't like my questions very much.
We Don't Need No Stinking Sparky Cars - Small Dead Animals
Exclusive: Better Place to file for bankruptcy - The Term Sheet: Fortune's deals blogTerm Sheet
We Don't Need No Stinking Sparky Cars
CNN Money:
Electric car company Better Place is planning to file for bankruptcy within the next several days, Fortune has learned.
[...]
Better Place originally launched in late 2007 to build out a network of battery-swapping stations for electric cars (basically a twist on charging stations). Its premise was that the electric car market would eventually take off thanks to rising oil prices and the decline of traditional automakers. And, when that happened, Better Place already would be built out and ready to serve.
But when oil hit $125 per barrel and General Motors (GM) filed for bankruptcy within just 18 months into Better Place's existence, it failed to successfully execute.
I toured the Better Place demonstration site in Israel when we were there in 2010, saw a nice video and rode in a electric car around a closed circuit. Their plan included recharging their swap-out car batteries with solar panels.[...]
Better Place originally launched in late 2007 to build out a network of battery-swapping stations for electric cars (basically a twist on charging stations). Its premise was that the electric car market would eventually take off thanks to rising oil prices and the decline of traditional automakers. And, when that happened, Better Place already would be built out and ready to serve.
But when oil hit $125 per barrel and General Motors (GM) filed for bankruptcy within just 18 months into Better Place's existence, it failed to successfully execute.
The guide didn't like my questions very much.
We Don't Need No Stinking Sparky Cars - Small Dead Animals
Exclusive: Better Place to file for bankruptcy - The Term Sheet: Fortune's deals blogTerm Sheet