Is Hesketh Motors signaling the rebirth of Vectrix?

The Vectrix was the first highway capable production electric motorcycle when introduced in 2007.  Unfortunately the company ran into financial difficulties (see: Why Vectrix is teetering on bankruptcy, pt. I) and in September declared bankruptcy (see: Vectrix is dead, long live the New Vectrix?) with an announced intention for a…

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Vectrix is dead, long live the New Vectrix?

Vectrix Corporation announced September 28, 2009 that it entered into an asset purchase agreement to sell most of its assets to New Vectrix LLC (“New Vectrix”), a Delaware limited liability company sponsored by GH Venture Partners LLC.  They have also filed for chapter 11 bankruptcy.  These moves were expected from…

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Why Vectrix is teetering on bankruptcy, pt. III

Details for Why Vectrix is teetering on bankruptcy, pt. I and Why Vectrix is teetering on bankruptcy, pt. II Losing money on each bike sold: The “cost of goods sold” is the expense a company pays in order to sell their product.  Vectrix had about $6 million revenue in 2008…

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Why Vectrix is teetering on bankruptcy, pt. II

Why Vectrix is teetering on bankruptcy, pt. I covered the general reasoning concerning the source of Vectrix’s corporate woes.  Part II relates the story told by the financial filings, and part III goes into nitty gritty details.   The Vectrix corporate financial reports tell an interesting story of expensive missteps and…

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Why Vectrix is teetering on bankruptcy, pt. I

Nowadays we have many calling for green vehicles, practically begging for electric vehicles to be available. Vectrix made a very good electric scooter capable of satisfying the transportation needs of many, one with very green zero emissions. Many are scratching their heads and wondering why Vectrix is failing at this…

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Taiwan and Italy subsidizing electric bicycles and scooters

With yesterdays news of the impending bankruptcy of Vectrix there’s a question over why the talk about Green Technology and Green Jobs isn’t translating into support for the existing electric vehicle industry in the U.S. By contrast there are two announcements from Taiwan and Italy that they are giving subsidies…

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