Tuesday, June 11, 2013

Electric car maker Miles Electric Vehicles files for bankruptcy ...

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(Reuters) - U.S. electric car manufacturer Miles Electric Vehicles filed for chapter 11 bankruptcy early on Tuesday, court documents showed. The company listed estimated assets in the range of $10 million to $50 million, and estimated liabilities of between $50 million and $100 million. The case is in re Miles Electric Vehicles, Case No. 13-11511, U.S. Bankruptcy Court, District of Delaware. (Reporting by Sakthi Prasad in Bangalore; editing by Patrick Graham)

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Source: http://www.financeroom.net/?p=110017

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