I'm starting a new article to be put on examiner.com and the question is: Why did Vectrix fail? I'm seeing this question a lot on Twitter as well as here and in some of the other articles out there. A bit of shock over this.
I have the following factors as possible causes. I'm interested what y'all think about these. If some of these look familiar I was summarizing the other thread.
- Polish factory expensive? Would it have been better to go to China for rolling chasis as do so many others?
- Hi gasoline prices last year had many looking for an alternative, ditching SUV's for lighter cars and scooters. This year the gasoline prices aren't so high, and the focus is (ahem) a little different than looking for gasoline alternatives to save money.
- Built an international production, distribution, sales and service organization can only have been expensive.
- High price relative to comparable gas scooters.
- legal actions against distributors struggling to fund overwhelming service problems and product manufacturing defects
- Dealerships in the far north where riding season is short, versus concentrating on the south with the long riding season.
- R&D expenses on far out designs (fuel cell bike, superbike) rather than spending that money on real product development.
Also if there are links to legal filings and cases I'd like to look through them. I spent 1+ hours this morning looking for the case in Australia. I did find a couple notes in the "Supreme Court List" in the Victoria (AU) Supreme Court saying only "10371/08 Vectrix Australia Pty Ltd v. Vectrix Corporation". The most recent of those was on June 30, 2009. An off the top of my head guess is there's a possibility the Australia case turned bad for Vectrix, leaving Vectrix owing a bunch of money which they don't have leaving them no choice but bankruptcy. In any case I couldn't find documents showing what's going on.
I got a note from someone that the superbike was little more than a concept model mockup and any serious money that was spent was done by the design company rather than by Vectrix...?