Home   Help Search Login Register  
Vectrix Owners and Enthusiasts Forum » General Category » Pics and Videos » Vectrix no more?
Pages: [1]
« previous next »
Print
Author Topic: Vectrix no more?  (Read 1612 times)
dhamnett
Newbie
*
Posts: 1


View Profile Email
« on: April 27, 2009, 04:17:08 AM »
I saw on a web news feed that Vectrix are considering a sale or even closure. Does anyone kow anything?
Logged
admin
Administrator
Newbie
*****
Posts: 17


View Profile Email
« Reply #1 on: April 28, 2009, 09:56:42 AM »
I only know what I have read in articles, not much more than you stated.  Would be a shame if they went under.
Logged
everlifer
Newbie
*
Posts: 1


View Profile
« Reply #2 on: May 22, 2009, 01:37:54 PM »
The shares are suspended on the alternative investment market in UK. The news on the company announcements say that the company has initiated restructuring proceedings under Polish law for it's manufacturing subsidiary there. It continues to look for new equity, state finance (USA I believe) and strategic initiatives whatever those are. I believe a partnership (takeover) by another manufacturer might be their best option now. I would be surprised if BMW or another manufacturer let the chance of buying them on the cheap go by especially now that oil prices are back on the ascent. But it wouldn't be the first innovative environmental tech company to go to the wall for lack of investor vision.

Unless the company has security, who will buy their product? What then does the future hold for our parts and product support?
Logged
Pages: [1]
Print
« previous next »
Jump to: