Showing posts with label Quits. Show all posts
Showing posts with label Quits. Show all posts

Tuesday, June 18, 2013

EV outfit Better Place calls it quits, set to undergo liquidation

EV outfit Better Place calls it quits, set to undergo liquidation data = {blogUrl: "www.engadget.com",v: 315};when = {jquery: lab.scriptBs("jquery"),plugins: lab.scriptBs("plugins"),eng: lab.scriptBs("eng")}; var s265prop9 = ('20584297' !== '') ? 'bsd:20584297' : ''; var postID = '20584297'; var modalMNo = '93319229', modalVideoMNo = '93320648', modalGalleryMNo = '93304207'; when.eng("eng.omni.init", {pfxID:"weg",pageName:document.title,server:"acp-ld39.websys.aol.com",channel:"us.engadget", s_account: "aolwbengadget,aolsvc", short_url: "",pageType:"",linkInternalFilters:"javascript:,",prop1:"article",prop2:"transportation",prop9:s265prop9,prop12:document.location,prop17:"",prop18:"",prop19:"",prop20:"", prop22:"alexis-santos", prop54:"blogsmith",mmxgo: true }); adSendTerms('1')adSetMOAT('1');adSetAdURL('/_uac/adpagem.html');lab._script("http://o.aolcdn.com/os/ads/adhesion/js/adhads-min.js").wait(function(){var floatingAd = new AdhesiveAd("348-14-15-14d",{hideOnSwipe:true});}); onBreak({980: function () { adSetType("F");htmlAdWH("93319229", "LB", "LB"); adSetType("");}}); EngadgetMenu NewsReviews Features Galleries VideosEventsPodcasts Engadget ShowTopics Buyers Guides Sagas Store HD Mobile Alt Announcements Cameras Cellphones Desktops Displays Gaming GPS Handhelds Home Entertainment Household Internet Laptops Meta Misc Networking Peripherals Podcasts Robots Portable Audio/Video Science Software Storage Tablets Transportation Wearables Wireless Acer Amazon AMD Apple ASUS AT&T Blackberry Canon Dell Facebook Google HP HTC Intel Lenovo LG Microsoft Nikon Nintendo Nokia NVIDIA Samsung Sony Sprint T-Mobile Verizon About UsSubscribeLike Engadget@engadgettip uswhen.eng("eng.nav.init")when.eng("eng.tips.init") onBreak({980: function () {htmlAdWH("93308280", "215", "35",'AJAX','ajaxsponsor');}});EV outfit Better Place calls it quits, set to undergo liquidationBypostedMay 27th, 2013 at 2:55 AM 0

EV outfit Better Place calls it quits, set to undergo liquidation

Better Place's plan for electric cars with swappable batteries is coming to an end. Despite a change in leadership and a streamlining effort over the past six months, the Israeli EV maker has filed a court motion for liquidation, citing insufficient cash to continue operations and a failure to raise the necessary funds. According to Israel Corporation, the firm's controlling shareholder, other investors willing to pitch in the vast amount of money needed couldn't be found. With approximately $812 million lost in operations and deploying battery exchange stations since 2007, and $454 million of that within 2012 alone, it's estimated that just recouping those loses would take $500 million and four years.

"Unfortunately, after a year's commercial operation, it was clear to us that despite many satisfied customers, the wider public take up would not be sufficient and that the support from the car producers was not forthcoming," said Better Place CEO Dan Cohen. Sure, it might be curtains for the company, but the existing battery network looks like it might live on, as the liquidator is being asked to "maintain the functioning of the network."

[Thanks, Michael]

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Monday, April 1, 2013

Heisman Winner Johnny Manziel Quits Twitter Indefinitely

Manzielsuitgetty2013-03-28 01:28:35 UTC

Heisman Trophy winner and college-football megastar Johnny Manziel says he needs to give Twitter a break after a few digital dustups.

"I've kind of just shut it all off," Manziel told ESPN.com on Tuesday. "With how the media has been with me for a while, I just shut everything off. As of [Monday], I said I was done with [Twitter] for however long. It's fun to have, but it can get to be distracting at points."

Manziel rocketed to nationwide fame last season. He led Texas A&M to a an 11-2 record, throwing 26 touchdowns and running for 21 more as sports fans came to adore the quarterback nicknamed "Johnny Football." In December, he became the first freshman ever to win the vaunted Heisman Trophy.

Since last season, however, Manziel has been in the news a lot for his off-the-field life, which appears to be filled with new celebrity pals, plenty of partying and an online-only class schedule. He's been an active tweeter during this time as well, racking up more than 330,000 followers, and interacting frequently with fans. But that hasn't always worked to his advantage. Earlier this month, Manziel gained attention for bickering with Twitter trolls.

Stepping away from Twitter for the time being seems to be Manziel's attempt to help simplify his suddenly newsworthy life.

"I'm surprised to [see] how the attention has continued through the off-season," Manziel told ESPN.com. "I guess I thought it would die off and slow down a little bit, but it really hasn't."

As of Wednesday evening, Manziel's Twitter page was still active, but he hadn't posted since Monday, when he addressed a false rumor spreading online.

On one hand, quitting the micro-blogging network seems like a good call, given the spotlight Manziel now lives under. On the other, however, he's abandoning a powerful platform as the most famous college football player in America, and would perhaps be better served by simply a more disciplined approach.

Is Manziel making a good call or not? Give us your take in the comments.

Image via Mike Stobe/Getty Images

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