Despite a lot of big promises, battery systems manufacturer Alevo may have foundered on relatively small debt — totaling as little as $20 million according to its initial bankruptcy filings. Alevo Manufacturing Inc. and Alevo USA Inc., the two U.S. subsidiaries of the Swiss company The Alevo Group, filed for Chapter 11 bankruptcy Aug. 18. Both are based in Concord, where Alevo kept offices and its manufacturing plant at the former Philip Morris manufacturing site. Each list debts in the $10 million…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2017/08/21/failed-production-and-relatively-small-debt-doom.html?ana=RSS%26s=article_search
No comments:
Post a Comment