{"id":5636,"date":"2021-01-10T00:51:48","date_gmt":"2021-01-10T00:51:48","guid":{"rendered":"https:\/\/archive.abuelsamid.com\/?p=5636"},"modified":"2021-01-10T18:25:52","modified_gmt":"2021-01-10T18:25:52","slug":"phoenix-motorcars-cancels-uqm-technologies-motor-order","status":"publish","type":"post","link":"https:\/\/archive.abuelsamid.com\/?p=5636","title":{"rendered":"Phoenix Motorcars cancels UQM Technologies motor order!"},"content":{"rendered":"<p>A friend who spends more time than I do perusing the financial statements of various companies alerted me to the latest release from UQM Technologies. UQM you might recall makes electric motors that have appeared in a variety of prototype and production intent <a href=\"https:\/\/www.autoblog.com\/electric\/\">electric vehicles<\/a>. Perhaps most notable on their list to readers of this site is Phoenix Motorcars. Phoenix is the purveyor of a battery powered version of a Korean Sssangyong pickup truck.<\/p>\n<p>Buried in UQM&#x27;s latest quarterly financial report was the following statement :<\/p>\n<p>&#8221; <em>Separately, we have been notified by Phoenix Motorcars, Inc. of their intention to cancel the Purchase and Supply Agreement with us and an associated purchase order to buy $9.25 million of our products, due to significant issues at Phoenix Motorcars, Inc. unrelated to our performance.<\/em>&#8220;<\/p>\n<p>Based on this, things don&#x27;t look good for Phoenix. We have made inquiries with Phoenix but haven&#x27;t heard anything back yet. As soon as we hear something back we&#x27;ll let you know what is happening.<\/p>\n<p>[Source: UQM Technologies, thanks to Darryl for the tip]<\/p>\n<p>https:\/\/www.autoblog.com\/2007\/11\/01\/phoenix-motorcars-cancels-uqm-technologies-motor-order\/<\/p>\n<p>2007-11-01T12:14:00+00:00<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A friend who spends more time than I do perusing the financial statements of various companies alerted me to the latest release from UQM Technologies. UQM you might recall makes electric motors that have appeared in a variety of prototype and\u2026<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5636","post","type-post","status-publish","format-standard","hentry","category-autoblog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=\/wp\/v2\/posts\/5636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5636"}],"version-history":[{"count":1,"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=\/wp\/v2\/posts\/5636\/revisions"}],"predecessor-version":[{"id":9759,"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=\/wp\/v2\/posts\/5636\/revisions\/9759"}],"wp:attachment":[{"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.abuelsamid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}