Neil Young's company sued for $500,000 over LincVolt fire

Neil Young once wrote a song titled "Don't Let It Bring You Down," but this could do just that.

A company founded by the Rock n' Roll Hall of Famer was sued for almost $500,000 for a San Francisco Bay Area garage fire allegedly caused by a classic Lincoln Continental that was (and still is) being converted to an extended-range plug-in hybrid, the San Jose Mercury News reported.

Unigard Insurance Co. sued Young's company, LincVolt LLC, over the November 2010 fire, which led to the insurance company having to pay the owner of the San Carlos, CA, building for fire damages, which totaled about $1 million, the newspaper reported. Young, who lives in the Bay Area, declined to respond to a request for comment, the Mercury News said, adding that the building's landlord continues to rent space to Young and is on good terms with the musician.

The company's website, which is tracking the continuing work on the 1959 Lincoln, had no statement addressing the lawsuit. The car is being designed to run on electric power and will include an on-board generator that will run on cellulosic ethanol. Cellulosic biofuels are produced from grasses, wood and plants.

Young, whose four-decade-plus music career includes stints with Buffalo Springfield and Crosby, Stills, Nash & Young in addition to a lengthy solo career, was inducted into the Rock n' Roll Hall of Fame in 1995.

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