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INFORMATION WITH A PURPOSE
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| CALIFORNIA BUSINESS INTELLIGENCE
The key to thriving in a competitive marketplace like California
is staying ahead of the competition. Making sound business decisions
is based on accurate and current information. If you are a business or
government and need market analysis and forecast services-
contact Dr. Robert Harmon at RHarmon@CaliforniaBusinessMinute.com
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CALIFORNIA BUSINESS MINUTE PLUS
Closing Aptera
12-07-11
Hi, I am Tim Johnson and welcome to the California Business Minute.
Aptera, the Carlsbad-based electric care startup will pull the plug after
failing to raise the funds needed to go into production according to Reuters
News Service.
The company had received a conditional offer for a $150 million loan for the
US Dept of Energy, but failed to secure the $80 million in private investment
needed to close financing.
The decision will impact Ohio as the company apparently had been in talks to
reactivate a mouth balled automotive plant in Moraine, Ohio for its first
commercial vehicle. The action would have created 1,400 jobs.
The Aptera was best known for its 3-wheeled care. The company announced it
will not file for bankruptcy but will implement an orderly liquidation.
I am Tim Johnson and this has been the California Business Minute.
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INSIDE CALIFORNIA'S ECONOMY
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