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June 16, 1995 | Times Staff and Wire Reports
U.S. Electricar Sees Up to $1 Million in Financing: Seeking to avoid insolvency, the Santa Rosa, Calif.-based maker of electric vehicles said that in addition to expecting new financing from Itochu Corp. of Japan, it has been granted an extension on $11 million in debt by its creditors. Separately, U.S. Electricar said its loss for the third quarter ended April 30 widened to $11.9 million from $10.5 million.
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BUSINESS
June 16, 1995 | Times Staff and Wire Reports
U.S. Electricar Sees Up to $1 Million in Financing: Seeking to avoid insolvency, the Santa Rosa, Calif.-based maker of electric vehicles said that in addition to expecting new financing from Itochu Corp. of Japan, it has been granted an extension on $11 million in debt by its creditors. Separately, U.S. Electricar said its loss for the third quarter ended April 30 widened to $11.9 million from $10.5 million.
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CALIFORNIA | LOCAL
April 12, 1994 | MARY LOU PICKEL
Sleek sports cars and boxy buses powered by electricity and natural gas glided down Disneyland's Main Street U.S.A. on Monday in the finale of a three-day road rally designed to increase awareness of cleaner-burning car engines. Actor Leslie Nielsen of "Naked Gun" fame led the parade through Disneyland in a bright red electric-powered sports car, and Bill Nye, host of a children's science television show, plugged wiser energy use.
BUSINESS
June 24, 1993 | MICHAEL PARRISH, TIMES STAFF WRITER
In a major deal in the fledgling electric vehicle industry, a small Southern California company will buy technology from a Hughes Aircraft unit to convert cars and trucks to electric power at an assembly facility in South Central Los Angeles. Electricar, a unit of the nation's largest converter of electric vehicles, expects to begin production of electric-powered Chevy S-10 trucks and Geo Prisms in mid-July.
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