Vectrix to file for bankruptcy

“It’s just such a shame, because it was a really good idea and a decent product but lacked the appropriate price point and follow-up development,” a Vectrix insider told DealerNews. “My whole thing was dealer health — if the dealers are healthy everybody wins — and they just didn’t understand that.”

Vectrix is on the verge of filing for bankruptcy after failing to find the investment, loan or government bailout it’s been seeking since April. While we hate to see a motorcycle maker go under, particularly an early innovator in the field of electric vehicles, we’ve heard from multiple dealers and customers who have expressed dissatisfaction with both the product and the company’s business practices.
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