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Politics : The Solyndra Scandal

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To: Wayners who wrote (388)3/27/2012 9:42:41 PM
From: joseffy1 Recommendation  Read Replies (1) of 1400
 
Maker of Electric Vans Shuts --
Latest Industry Victim, Azure Dynamics, a Ford Partner, Looks for a Buyer


BY MIKE RAMSEY March 27, 2012
online.wsj.com

Azure Dynamics Corp., a producer of electric delivery vans and a partner of Ford Motor Co., said on Tuesday that it is in talks with customers and suppliers to resume production following a bankruptcy reorganization filing in Canada.

The company, which was founded in British Columbia but makes its headquarters in Oak Park, Mich., has halted production of electrified Ford Transit Connect vans. Ford markets the vans through some North American and European dealers.

The reorganization is the latest sign of trouble among electric-vehicle makers.

Sales of electric cars such as Nissan Motors Co.'s Leaf have fallen short of expectations, ...
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