Monday, July 18, 2011
Electric Car Company Crashes, City Looses Half a Million
City government invested $500,000 it the green car company and looses it all when the company folds. This just shows you that the private sector know more about a good investment than government. The reason sited for the company's failure was the inability to attract private investors.
Investors know that few few people will buy a car that only goes 40 to 60 miles before you have to stop and charge the batteries for hours before you can continue to travel. Investors also realize that consumers know that a micro electric car always is the looser in a collision with anything larger than a motorcycle, much less the ever popular SUV.
at 8:10 PM