Bright Automotive folds after funding delays
Green Cars News
FEBRUARY 29, 2012
Start-up electric vehicle maker, Bright Automotive is to close down after failing to secure loans from the US government. Green credentials Bright Automotive electric carThe Indiana-based firm, backed by General Motors’ venture capital arm, blamed the US Department of Energy (DOE) for a three-year wait for a final decision to be made on its application for a $450 million low-interest [.].