Vectrix goes Bust

Reports from the US last October indicated that the company planned to use the announcement to file for Chapter 11 bankruptcy protection so they could rebuild the business, in a similar vein to what General Motors did.

Another victim of the global financial crisis, the failure of the US company that made the electric VX-1 scooter naturally put the Australian arm of the operation in doubt, too. A small number had been in use with city councils in Adelaide and Melbourne throughout 2008-09, with a handful also finding private buyers.

With the collapse of the parent company, there was some talk of restructuring Vectrix's local operation into a scooter hire business utilising the remaining stock, but nothing had been confirmed as this issue went to press. See www.vectrix.com.au for updates.