Hillhater
100 TW
https://www.bloomberg.com/news/articles/2019-10-10/dyson-scraps-plans-for-electric-car-after-failed-attempt-at-sale?fbclid=IwAR2jt720onZw7BlrM2Qe9A6sFuGu6hcLwLTfeEMUnuX4zNnPbIdKXFU87EMDyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry.
The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the project commercially viable, billionaire James Dyson said in a letter to staff Thursday.