A French court has granted coachbuilder and hopeful electric vehicle manufacturer Heuliez protection from its creditors for a period of six months. Right now, the company is working on a restructuring plan that would prove to the French government that it's worth an investment of 10 million euros (£8.8 million, $13 million U.S.), but those funds weren't granted in time for Heuliez to avoid insolvency.

While Heuliez is most known for helping European automakers like Vauxhall, Opel and Peugeot manufacture retractable hardtop mechanisms, the French company has more recently been working with energy provider EDF on the development of electric vehicles. Just last month, Heuliez announced it was accepting orders for the Friendly, a 12,000 euro ($15,500 in the U.S.) three-seat electric vehicle powered by a nickel-based battery pack.

We're not certain at this point how the firm's financial hardships will affect the delivery times of its Friendly EV. Deliverys had been expected in February of 2010.

[Source: Autocar]


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