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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. Amid bankruptcy filing, EV maker Proterra ...
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 ...
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.
A few, including EV parts supplier Proterra and electric pickup truck maker Lordstown Motors, have begun bankruptcy proceedings. ($1 = 0.9431 euro) (Reporting By Nick Carey)
Most bankruptcy attorneys predicted that this will result in increased attorneys fees and will make attorneys less likely to take on some cases. In addition, bankruptcy filings are now subject to audit in a manner similar to tax returns. Increased compliance requirements for small businesses. The new law increases the bureaucratic compliance ...
Aug. 28—The electric bus company expected to provide the City of Albuquerque with 20 buses by 2026 filed for bankruptcy earlier this month. But that hasn't hit the brakes on the city's plans to ...
On October 18, 2023, the sale was approved by the bankruptcy court, which also, after objections from the United States Justice Department, kept control of rights to pursue legal claims against Lordstown's directors with the court instead of following the new owners of the assets. [36]
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.
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