Artega fails to sell auto business, files for bankruptcy

As things seem to be incredibly promising at Tesla Motors' California headquarters, the situation for a competitor on the other side of the world is growing quite grim. Artega, which reached our hearts at the Geneva Motor Show just last year with its beautiful all-electric SE sports car, has filed for bankruptcy after failing to sell the company to "an Asian investor." Meanwhile, Artega will continue the search for business partners, and will keep running its German operation with 34 employees. The news is disappointing to say the least, especially with Tesla's Roadster dropping from production in 2011. Hit up the source link below for a (German-language) explanation, directly from Artega.

Artega fails to sell auto business, files for bankruptcy originally appeared on Engadget on Thu, 05 Jul 2012 16:19:00 EDT. Please see our terms for use of feeds.