Citing Cash-Flow Problems, Aptera Shuts Down
From the beginning, Aptera got a surprising amount of press. Most of this was likely due to the car's looks; sperm-shaped spacemobiles embody the generic 1950s idea of the Future, and the 2e was definitely a head-turner. But cars that look like this have shoved their way onto the world stage before, and few of them got as much attention. Wired , The New York Times and several other high-profile outlets all published multiple positive stories on both the company and its plans, even though the brand always seemed to specialize in hype, not product. Counter that with the exposure of other tiny, full-production concerns such as Shelby Super Cars and the defunct Mosler, most of which are lucky if they get one or two major-media mentions every five years. The products are different, but the cultural relevance of the finished item is the same. Predictably, there are warning signs for this kind of thing. Protracted and constantly extended vehicle development times are one; an overwhelming PR blitz before Job One is another. Reliability issues and poor press -- standard-issue for larger carmakers -- can do a disproportionate amount of damage to a nascent company. Even established, heavily backed startups such as Fisker and Tesla have suffered these missteps. Aptera's pie-in-the-sky, horribly impractical vehicle designs just seemed to emphasize things. We live in complicated times, and the car industry is a complex, difficult business. No matter what Silicon Valley's startup culture would have you believe, it takes more than just a garage and a dream to get a new manufacturer off the ground. And while I hate cheap closing lines, in this case, the connection is too obvious to pass up: One, that car looks like a piece of crap. It was destine to fail from the very beginning because its the 21st century and you're doing concept from 1970.business cash loans - News
citing an inability to raise enough venture capital to stay afloat after a conditional $150 million loan offer from the Energy Department. You can read more here. Aptera's failure comes at an odd time for the electric-car business.
He owns stores in Dover and Morristown, where he offers cash loans for items of value, particularly jewerly but also coins and antiques. “Occasionally we do antiques, clocks, Hummels (figurines) collectables, sports memorabilia,” Rueda said.
“We do have a lot of cash. We've reduced our reliance on short-term borrowings by a lot.” As GE Capital exits red businesses, it's redoubled its focus on “green” businesses, those it plans to keep. The largest of those is lending to midsize businesses
Wisconsin native Lisa Whiting created a graphic arts business with her autistic daughter in mind. "I started this company so she'd have the opportunity to have a job and a way to financially support herself," she said. Using loans from the county for
The money will be used to fund three new programs designed to spur investment and lending to businesses. The Craft3 Small Business Credit Initiative will receive $8.7 million to make loans from $1 million to $5 million to small businesses on tribal
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