Last month, it was revealed that Honda had agreed to sell its FuelMaker Corp. to Clean Energy Fuels for $17 million. It seems that the two companies, who had until October 3 to close the deal, have called off the sale. We're not sure what the reason for the sale's cancellation are, but it sounds as if Honda was the company that initiated the termination.
In a statement, Clean Energy Fuels said, "Honda delivered to us a notice that it intended to terminate the purchase agreement; and, after subsequent discussions, on October 15, 2008, we and Honda mutually agreed to terminate the purchase agreement in accordance with its terms."
The biggest question now is what this means for the Phill CNG refueling station. The hope would be that Honda finds a way to begin selling these units to homeowners who want to use natural gas instead of gasoline to power their cars. Conspiracy theorists are sure to have a field day with this one.
[Source: The New York Times]
In a statement, Clean Energy Fuels said, "Honda delivered to us a notice that it intended to terminate the purchase agreement; and, after subsequent discussions, on October 15, 2008, we and Honda mutually agreed to terminate the purchase agreement in accordance with its terms."
The biggest question now is what this means for the Phill CNG refueling station. The hope would be that Honda finds a way to begin selling these units to homeowners who want to use natural gas instead of gasoline to power their cars. Conspiracy theorists are sure to have a field day with this one.
[Source: The New York Times]
Sign in to post
Please sign in to leave a comment.
Continue