Proterra, the Democrat-connected electric bus manufacturer heavily promoted by the Biden Whitehouse and funded by taxpayers, filed for bankruptcy Monday, much like several green energy boondoggles did during the Obama era.
The California-based company reportedly filed a voluntary Chapter 11 reorganization under the U.S. Bankruptcy Code to strengthen its financial position and said it would continue to operate its business as normal during the process. According to Fox News, Proterra blamed various market headwinds for its financial struggles.
The foundation we have built has set the stage for decarbonization across the commercial vehicle industry as a whole, and we recognize the great potential in all of our product offerings to enable t…
Read the full article at: https://amgreatness.com/2023/08/08/democrat-connected-electric-bus-company-touted-by-biden-regime-files-for-bankruptcy/