News
The Maker Of “T-Rex” Shuts Down After Failing To Find Funding
Campagna Motors, the company responsible for the manufacture of the of three-wheeler, T-Rex, called it quit.
This happened after they failed to find funding for the project.
The Canada-based auto-maker filed for bankruptcy protection in early August 2018.
At the time, the company stated that it wasn’t liquidating any assets during the process and simply discharging debt and re-structuring its finances with creditors.
The company, in a recent Facebook post, made the disclosure of their shut down.
In the post, former Campagna president Andre Morissette said that the company could not find the necessary funding to survive.
Campagna planned to produce a three-wheeled roadster with an electric powertrain from Zero Motorcycles. Testing of the vehicle was scheduled to commence in thein the middle of 2018.
Campagna was founded in Quebec by F1 mechanic Daniel Campagna and car designer Paul Deutschman. The T-Rex was built for almost three decades.
-
Car Theft5 days agoFear Of Theft: Indian Man Hires Crane To Park New Mahindra SUV On Rooftop Before Traveling To Israel
-
News1 week agoMercedes-AMG CLE 646 Spezialanfertigung: Sold-Out 646-HP Collector’s Item Limited To Just 30 Units
-
Business1 week agoMate Rimac Becomes Bugatti President Following Porsche’s Exit
-
Celebrities Auto1 week agoIs This Asake’s New Ride? Inside the 1,001-HP Lamborghini Revuelto Venuum Voltoro V1 Spotted With Giran Republic Branding
-
Celebrities Auto1 week agoKarim Benzema Shows Off New $740,000 Ferrari 12Cilindri and $800,000 Lamborghini Revuelto
-
News7 days agoChevrolet Silverado EV Remains For 2027 With A Subtle Update
-
News1 week agoAston Martin AMB 002 Roadster Unveiled With 130 HP, Limited To 300 Units And Priced At €120,000
-
News6 days agoBMW iX5 Hydrogen Enters Real-World Testing Ahead Of Production, Targets 750km Range, 5-Minute Refuelling Time