So much for Carbon Motors. The would-be police pursuit vehicle manufacturer has officially filed for Chapter 7 bankruptcy (read: liquidation) according to the Indianapolis Business Journal. The company officially lists its liabilities at $21.7 million and its assets at a mere $18,976, including one prototype, a few bits of furniture, books and the company's intellectual property. Some of the largest debtors are investors and suppliers, including BMW. The German automaker claims Carbon Motors owes them some $3 million.

Carbon Motors built a business model around for its diesel-powered E7 police car by securing a Department of Energy loan through its Advanced Technology Vehicles Manufacturing program for $310 million, but the US Government denied the company's application in March of 2012. From that point, it was evidently only a matter of time before the company caved in on itself. The warning signs were already thick on the ground when it was revealed that the company had quietly pulled out of its Connerville, Indiana plant back in April.

Bankruptcy protection shields Carbon Motors from lawsuits against the manufacturer. That's good news, considering three former executives have already filed a lawsuit against the company earlier this year for $600,000 in deferred wages.


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  • 54 Comments
      Bernard
      • 1 Year Ago
      It was a cool car but I saw this coming. I really wanted it to work but not if it was going to cost Dubai money. Wait a minute, maybe they should sell this in Dubai... Guys wait!!! I have a business plan!
        SquareFour
        • 1 Year Ago
        @Bernard
        Haha...I was thinking along similar lines, but then I remembered the Dubai PD prefers Lambos, Astons and Veyrons. A Carbon would simply be too pedestrian in comparison. But maybe if we targeted China instead...
          • 1 Year Ago
          @SquareFour
          [blocked]
      davebo357
      • 1 Year Ago
      The only upside to this would have had would be instantly recognizable police cars at night, instead of thinking every Dodge Charger 100ft behind me might be a cop.
        Bernard
        • 1 Year Ago
        @davebo357
        I hate slowing down only to get passed by some joker in a base model.
      • 1 Year Ago
      [blocked]
        foxtrot685
        • 1 Year Ago
        So basically, youd just make an Audi A4 eTron with Nissan technology. Well, \"Tucker\" and Carbon Motors would have something in common in a short period of time...
      S.
      • 1 Year Ago
      Wow. "The company officially lists its liabilities at $21.7 million and its assets at a mere $18,976, including one prototype, a few bits of furniture, books and the company's intellectual property." That's a huge gap between assets and liabilities.
        wrestleprocbt
        • 1 Year Ago
        @S.
        Where did all that money go? Research? If so, surely that can be sold for something, or did the guys running it spend all the money on trips to the whitehouse to sell another "green idea" to the whitehouse? Is this another fantasy project started in Washington?
      Healthy Chap
      • 1 Year Ago
      Yet another public loss for a private gain (however short term the gain was; in the end, we all lost from this).
      SquareFour
      • 1 Year Ago
      "Bankruptcy protection shields Carbon Motors from lawsuits against the manufacturer. That's good news, considering three former executives have already filed a lawsuit against the company earlier this year for $600,000 in deferred wages." Yeah, real "good news"...except, of course, if you were screwed out of your pay.
        jason32379
        • 1 Year Ago
        @SquareFour
        I'm sure these so-called "executives" aren't hurting for money.
      Michael H
      • 1 Year Ago
      "Some of the largest debtors..." Actually, those who are OWED money are creditors. Carbon Motors is the debtor in this case.
      wrestleprocbt
      • 1 Year Ago
      Was in Chicago a couple weeks ago and saw some cabs their manufactured by a company I think that also went belly up, looked boxy, resembled the Element in many ways. Anyone know who that company was? I think it was a green gov't funded project too that failed.
        Dean
        • 1 Year Ago
        @wrestleprocbt
        VPG MV-1. It wasn't pretty, but it definitely serves its purpose well.
      Avinash Machado
      • 1 Year Ago
      VaporVare.
        • 1 Year Ago
        @Avinash Machado
        [blocked]
      jz78817
      • 1 Year Ago
      way back when I stated "Carbon Motors will never ship a vehicle" and was downvoted into oblivion. Oh well.
      Luke Lau
      • 1 Year Ago
      Carbon Motors, you will be missed.
        m_2012
        • 1 Year Ago
        @Luke Lau
        By the people that wanted a dedicated police vehicle instead of some hack sedan. Good idea, poor execution. I drove the car, it was brilliant.
          Unanything
          • 1 Year Ago
          @m_2012
          He probably did drive it, the same way I did......in need for speed hot pursuit
          jz78817
          • 1 Year Ago
          @m_2012
          funny, most police departments around the world get by just fine without "dedicated police vehicles."
          m_2012
          • 1 Year Ago
          @m_2012
          I think you are forgetting the expense of equipping the vehicles with hack on police equipment, plus the miserable fuel economy of a typical cruiser. Parts and labor is nearly $60K for a CVPI. The idea was economy of scale since every car would be the same. Right now, every Joe Blow makes a police package and none of them are uniform (different controllers, computers, screens, radios, etc). The plan could have worked but the big 3 definitely were not going to allow it. They put in quite of bit of lobbying money to get them put away. Plus the upfront costs were more.
          kal_elkal
          • 1 Year Ago
          @m_2012
          So nobody?
          XJ Yamaha
          • 1 Year Ago
          @m_2012
          A good idea would have included affordability. This vehicle wasn't feasibly affordable to law enforcement agencies
          • 1 Year Ago
          @m_2012
          [blocked]
      NissanGTR
      • 1 Year Ago
      The last thing the police force needed was to spend more tax dollars.
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