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Eatontown, New Jersey, United States
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EV car maker Aptera shuts down
Fri, 02 Dec 2011Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.
Honda Element production to end
Fri, 03 Dec 2010The 2011 model year is the last one for the Honda Element, Honda said on Friday, marking the end of an eight-year run for the boxy, small SUV. The reason? Declining sales.
Land Rover marks 1 million Range Rovers with charity donation
Thu, 04 Nov 2010Land Rover commemorated the production of Range Rover No. 1,000,000 by donating a car to Britain's Help for Heroes charity, which helps wounded war veterans and their families. The charity plans to sell the car at an auction later this year.