Echo Tells SEC It 'Does Not Have Adequate Liquidity'
Not to state the obvious, but an echo is about all that's left for the plug-in hybrid vehicle system maker of the same name. Echo Automotive, which was led by the engineering team of the defunct Bright Automotive, has run out of cash. Echo said in a Securities and Exchange Commission (SEC) filing last month that it couldn't pay its debts and is "exploring options to restructure its business." The stock still trades Over the Counter (OTC), but it is worthless. The filing flat-out says, "the Compa
Echo Automotive is adding General Motors vans to its offerings of converted plug-in hybrid vehicles and will bring its EchoDrive PHEV system to GM 2500 and 3500 vans. That will include model year 2010-2014 Chevrolet Express and GMC Savana, but don't go trying to get these vehicles converted quite yet.
Echo Automotive, Inc., a start-up company that converts fleet vehicles to hybrids and plug-in hybrids, has announced an impressive Technical Advisory Board. Plug-in electric vehicle expert Chelsea Sexton and two-time Indianapolis 500 winner Arie Luyendyk are two of the seven board members who met in early December to discuss the company's initial product, EchoDrive.