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6%  
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  • Electric car maker Aptera closes its doors

    12/05/2011 7:42:35 AM PST · by Abathar · 48 replies
    AP ^ | 12/03/2011 | Dee-Ann Durbin
    Electric car maker Aptera Motors is closing after failing to woo enough investors to bring a new sedan to market. Aptera CEO Paul Wilbur said the Carlsbad, Calif.-based company closed its doors Friday and laid off all 30 of its employees. The company was hoping to get a $150 million loan from the Department of Energy but needed to raise matching funds, Wilbur said. He said Aptera had trouble drumming up interest from investors, who have been spooked by the difficulties other small electric car makers have had. Palo Alto, Calif.-based Tesla Motors Inc., for example, has racked up millions...