Vectrix files for Chapter 7 bankruptcy?

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Magendanz
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Vectrix files for Chapter 7 bankruptcy?

Yeah, I know it's April Fool's Day...but I think this article in the Boston Business Journal is serious:

New Bedford electric scooter company Vectrix files for bankruptcy


New Bedford-based electric scooter company Vectrix has filed for Chapter 7 bankruptcy, which usually involves liquidation.

In documents filed with the U.S. Bankruptcy Court, the company listed its assets as being between $1 million and $10 million and its estimated liabilities as between $10 million to $50 million.

Vectrix had filed for bankruptcy protection under Chapter 11 in 2009 and negotiated an agreement t o sell most of its assets at that time.

The company has its headquarters in New Bedford, a sales office in California and a manufacturing facility in Poland.

Vectrix was founded in 1996 "with one objective—to create core technology that would provide clean, efficient, reliable and affordable transportation," the company's Facebook page states.

The attorney representing the firm in the bankruptcy is Ryan Kelley of Pierce Atwood LLP in Portland, Maine. Kelley would not comment further on the filing.


Can anyone confirm?
R
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Re: Vectrix files for Chapter 7 bankruptcy?

The official vectrix webpage is no longer online
http://www.vectrix.com/
The dealer portal still works
http://dealerportal.vectrixeurope.com/

R
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Re: Vectrix files for Chapter 7 bankruptcy?

Good news: I've just talked with the Spanish Dealer.
They've assured me that Vectrix Europe (and taiwan division) is fully operational. They're not affected by Vectrix USA's bankruptcy.

PJD
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Re: Vectrix files for Chapter 7 bankruptcy?

What exactly does "Vectrix Europe is still fully operational" mean? None of their web sites work...

mpregal
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Re: Vectrix files for Chapter 7 bankruptcy?

The only website working is this: http://dealerportal.vectrixeurope.com/ :-(

Does anybody know login/pass??

It doesn't look good....

israndy
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Re: Vectrix files for Chapter 7 bankruptcy?

______________________
I also own a 2018 Tesla Model 3 and a 2012 Mitsubishi iMiev

Magendanz
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Re: Vectrix files for Chapter 7 bankruptcy?

And I thought I was upset about Vectrix filing for Chapter 7...

Hong Kong Battery Executive Jumps to His Death


64-year-old Andrew Ng Sung-on is said to have been despondent over company set-backs. The company was unsuccessful in reviving Vectrix, a US-based electric motor scooter company it had taken over.

Published: 22-Apr-2014

A senior executive of international battery maker GP jumped to his death from the roof of his office building in Kwai Chung yesterday.

Andrew Ng Sung-on, 64, the vice-chairman and executive director of Gold Peak Industries (Holdings), who is also chairman and chief executive of GP Batteries International, was found lying unconscious on the ground outside the eight-story Gold Peak Building on Castle Peak Road in Kwai Chung.

He was confirmed dead by paramedics at the scene.

R
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Re: Vectrix files for Chapter 7 bankruptcy?

Magendanz... This is the saddest news I,ve ever read on this forum...

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