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Proterra, a California-based electric bus maker that counts CapMetro among its customers, announced it will seek Chapter 11 bankruptcy protections. Proterra, a California-based electric bus maker ...
Proterra Inc. was an American electric vehicle and powertrain manufacturer based in Burlingame, California. The company designed and manufactured battery electric transit buses , powertrain systems for other heavy-duty vehicle builders and charging systems for fleets of heavy-duty vehicles.
Electric bus and truck maker Proterra says it is seeking Chapter 11 bankruptcy protection from a federal court in Delaware. The Burlingame, California, company is a big supplier of buses to ...
Fisker on Monday became the latest all-electric vehicle startup to file for Chapter 11 bankruptcy protection amid lackluster consumer demand, significant cash burn and operational and product issues.
Whether a bankruptcy trustee may avoid a debtor’s tax payment to the United States under when no actual creditor could have obtained relief under the applicable state fraudulent-transfer law outside of bankruptcy. June 24, 2024: December 2, 2024 United States v. Skrmetti: 23-477
The bankruptcy of bus maker Proterra has set back Raleigh-Durham International Airport’s efforts to go electric. RDU wants more electric shuttle buses. Why it’s having a hard time finding them.
However, even with §1113, rejection of a collective bargaining agreement is allowed under this specific procedure. Once in bankruptcy, a debtor may file a motion to reject the collective bargaining agreement any time, provided that the debtor first fulfills its obligation to make a proposal to the union regarding "necessary" modifications to the collective bargaining agreement, provides the ...
The hyper-competitive EV market has seen several companies, including Proterra, Lordstown and Electric Last Mile Solutions, file for bankruptcy in the past two years as they grappled with ...