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Carbon Motors E7 police car
"High-tech Police car manufacturer Carbon Motors is officially belly-up after filing for Chapter 7 liquidation in the US Bankruptcy Court in Indianapolis. With assets of just $18,976 and liabilities of $21.7 million, Carbon Motors had to file for bankruptcy after the US Department of Energy rejected the company's request for a $310 million loan last year. “The entire business model was premised on that entire loan coming through,” Henry Efroymson, a partner at Ice Miller LL..." Continue Reading →
Photo credits: Carbon Motors
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