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22 Nov 2009 HEADLINE


Aptera Funding Problems Delays Electric Car Introduction



Source: San Diego Union-Tribune
Class: SYNDICATED NEWS

SYNOPSIS: The refundable deposits from prospective buyers remain in an escrow account, the company said.

Vista electric-vehicle maker Aptera said yesterday that funding problems have led to layoffs and production delays and caused its founders to leave day-to-day management roles.

The company had planned to begin building an innovative three-wheeler it calls the Aptera 2e this fall, and has taken $500 deposits from about 4,000 people looking to be among the first to own the vehicle.

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