TKC TIPSTERS TOLD YOU SO!!! KANSAS CITY PREZ OBAMA 'GREEN' SUCCESS STORY SMITH ELECTRIC STAYS LOSING!!!
Here's an important bit of follow-up on the so-called Kansas City "green" economy.
To wit . . .
PREZ OBAMA TOUTED LOCAL COMPANY SMITH ELECTRIC THAT HAS NOW SUSPENDED PRODUCTION IN KANSAS CITY!!!
Check the bad news . . .
Smith Electric Suspends Electric Truck Production in Kansas City
Smith Electric announced it has stopped delivery of its Generation 2 trucks and vans because of the 'company’s tight cash flow situation.'
"Smith Electric Vehicles, a centerpiece of the Kansas City area’s once high hopes for a wave of green industries, quietly suspended production at the end of 2013 because of a shortage of cash.
The move was disclosed in a report for the last quarter of 2013 filed with the U.S. Department of Energy, which in 2010 awarded the company a $32 million grant. Smith Electric said it stopped delivery of its Generation 2 trucks and vans because of the “company’s tight cash flow situation.”"
Remember that Insiders told this blog to expect as much earlier last year.
And this economic reality should provide some context for all of the hype and propaganda that politicos currently use to tout so many other "green" projects in Kansas City.
Developing . . .