FBN: Proterra, EV Parts Maker with Strong Ties to the Biden Admin, Files for Bankruptcy

EXCERPT:

TRIMBLE: "Proterra's CEO blamed the bankruptcy filing on 'various market and macroeconomic headwinds.' He went on to say, 'The foundation we have built has set the stage for decarbonization across the commercial vehicle industry. This is why we're taking action to separate each product line through the Chapter 11 reorganization process to maximize their independent potential.' For now, the company will keep paying employees, vendors and suppliers, but, Stu, this is just the latest example of an electric vehicle company going green, but unable to make it.”