msirach
11-16-2009, 09:16 PM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg Is we in or is we out? (http://www.popularmechanics.com/automotive/new_cars/4337060.html)
http://www.cleanmpg.com/photos/data/501/Aptera_on_the_assembly_line_-_debut.jpgBen Stewart - POPULARMECHANICS (http://www.popularmechanics.com) - November 16, 2009
Is this a ploy or a power play? --Ed.
Recent reports claiming that Aptera motors founders were "ousted in a boardroom showdown" appear to be false.
Aptera, a company we've been covering since its inception two years ago, has let some employees go in order to save money recently as they wait for the final round of funding and re-apply for a DOE loan.
"We needed to reduce our burn rate on anything not associated with getting a production vehicle out the door," said Marques McCammon, Chief Marketing Officer.
One of the company's founders, Steve Fambro, is currently in charge of Aptera's advanced concepts group and has agreed to take time off.
"Steve remains a member of the board so he'll never really be ‘gone'," McCammon says. "But he has agreed to allow himself to be one of the reductions for the short term. And then he'll come back in the new year once we get the series ‘D' final round of funding closed and we can turn advanced concepts back on."
Fambro tells PM that he had over a month of vacation saved, and took time off until the end of the year.
"I think some people read into this situation a little further than they should have, " Fambro says. "Some folks were let go, and since they hadn't seen me around—they put two and two together and made a fairly large and incorrect assumption," he says. "Since I started Aptera, I've had like three or four vacation days. One of them was after receiving a 2008 Popular Mechanics Breakthrough Award in NYC. So I need to take some time, and come back in the beginning of the new year."... http://www.popularmechanics.com/automotive/new_cars/4337060.html
http://www.cleanmpg.com/photos/data/501/Aptera_on_the_assembly_line_-_debut.jpgBen Stewart - POPULARMECHANICS (http://www.popularmechanics.com) - November 16, 2009
Is this a ploy or a power play? --Ed.
Recent reports claiming that Aptera motors founders were "ousted in a boardroom showdown" appear to be false.
Aptera, a company we've been covering since its inception two years ago, has let some employees go in order to save money recently as they wait for the final round of funding and re-apply for a DOE loan.
"We needed to reduce our burn rate on anything not associated with getting a production vehicle out the door," said Marques McCammon, Chief Marketing Officer.
One of the company's founders, Steve Fambro, is currently in charge of Aptera's advanced concepts group and has agreed to take time off.
"Steve remains a member of the board so he'll never really be ‘gone'," McCammon says. "But he has agreed to allow himself to be one of the reductions for the short term. And then he'll come back in the new year once we get the series ‘D' final round of funding closed and we can turn advanced concepts back on."
Fambro tells PM that he had over a month of vacation saved, and took time off until the end of the year.
"I think some people read into this situation a little further than they should have, " Fambro says. "Some folks were let go, and since they hadn't seen me around—they put two and two together and made a fairly large and incorrect assumption," he says. "Since I started Aptera, I've had like three or four vacation days. One of them was after receiving a 2008 Popular Mechanics Breakthrough Award in NYC. So I need to take some time, and come back in the beginning of the new year."... http://www.popularmechanics.com/automotive/new_cars/4337060.html