Another One Bites The Dust
Yahoo/AP is reporting:
Ecotality, which makes charging systems for electric vehicles, has filed for Chapter 11 bankruptcy protection.
Ecotality
Inc. said it made the filing Monday in Arizona. The company had said in
August that it might be forced into a sale or bankruptcy filing after
disappointing sales and a suspension of payments from the federal
government. It has also paid $855,000 in back wages and damages to
resolve an investigation by the U.S. Department of Labor into
allegations that the company broke labor laws.
The San Francisco
company makes charging and power-storage systems for electric vehicles
under the Blink and Minit Charger brands, including charging stations
for the Nissan Leaf. It also does testing for government agencies, auto
makers and utilities.
Ecotality has received more than $100
million in funding from the Department of Energy since 2009. The company
has also received funding from the state of California and from
Australia.
So, we will
add this to the "list of 38."
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