27 Jan '12, 3pm

Ener1 Files for Bankruptcy; Will Indiana Governor Mitch Daniels Get Thrown ...: Under President Barack Obama's e...

Ener1 Files for Bankruptcy; Will Indiana Governor Mitch Daniels Get Thrown ...: Under President Barack Obama's e...

In Dec. 2010, Gov. Mitch Daniels today accepted delivery of 15 Think City all-electric vehicles to be used in the Indiana Department of Natural Resources properties. Ener1, parent company of Indianapolis-based electric car battery manufacturer EnerDel, today filed for Chapter 11 bankruptcy protection today after defaulting on bond debt. Conservative politicians and pundits were quick to characterize EnerDel as the next Solyndra, and attack the Obama administration for supporting losing clean technologies—as they’ve done with Tesla Motors, Fisker Automotive, and General Motors for support of the Chevy Volt . Florida Republican Representative Cliff Stearns, who has been leading the House Energy and Commerce Committee’s probe into the Department of Energy following the Solyndra bankruptcy in September 2011, said, “Unfortunately, you can now add Ener1 to the growing list of fa...

Full article: http://www.plugincars.com/ener1-bankruptcy-mitch-daniels-...

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Why Ener1 Went Bankrupt

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