Electric scooter manufacturer Vectrix is set to file for bankruptcy in 30 days after failing to find the cash infusion they need back in April. The move to Chapter 11 doesn’t surprise too many people close the company, citing both poor business practices and customer dissatisfaction as being reasons for the manufacturer’s demise.
For instance, the $10,495 Vectrix VX-1 electric scooter allegedly didn’t get the range that had been advertised, and also suffered from poor build quality. Dealers also complained about the order quantity size they would be forced to purchase, likely from Vectrix trying to push as much product out the door of its manufacturing line… Details
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on Monday, July 20th, 2009 at 5:24 pm and is filed under Electric Vehicles, Motorcycle, Scooters.
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