Welcome, Guest

Author Topic: A Better Place  (Read 993 times)

Offline BlueBee

  • Galactic Bee
  • ******
  • Posts: 4587
  • Gender: Male
A Better Place
« on: May 27, 2013, 12:18:24 AM »
RIP Better Place.  

Did you all see another electric automaker (Better Place) is being liquidated after burning through $850 million in investor cash?  http://news.cnet.com/8301-11386_3-57586236-76/electric-car-startup-better-place-liquidating-after-$850-million-investment/

Looks like Israel and the bankers are taking the hit on this one.  Or coarse the bankers will just pass their losses onto us.  Israel will probably just ask for more US aid and we’ll end up paying for their loss too. :(

Better Place sure had a good PR machine.  I can remember hearing numerous interviews with the company CEO about how their replaceable battery approach was the best way to overcome ALL the deficiencies of an electric vehicle (range, recharge time, battery cost).  They had (or said they had) a solution for all these with their quick change battery packs.  They sure did have a good sales pitch.    

Online kathyp

  • Universal Bee
  • *******
  • Posts: 16140
  • Gender: Female
Re: A Better Place
« Reply #1 on: May 27, 2013, 01:04:14 AM »
Quote
Looks like Israel and the bankers are taking the hit on this one.  Or coarse the bankers will just pass their losses onto us.  Israel will probably just ask for more US aid and we’ll end up paying for their loss too. Sad

and this is different from our government directly subsidizing companies how?  there is one way.  see if you can find it.
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline kingbee

  • Queen Bee
  • ****
  • Posts: 1083
  • Gender: Male
Re: A Better Place
« Reply #2 on: May 28, 2013, 05:33:32 AM »
RIP Better Place.  

Better Place sure had a good PR machine.

Toyota has a good Madison Avenue sales department but their electric car program has shorted out as well. 

Looks like Better Place Motors is going to have some company when it takes that final ride in a long black gasoline powered limousine.

 

anything