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.
-
News1 week agoFor The First Time, Mercedes Is Using A Chinese Engine In A Vehicle Intended For The European Market
-
News1 week agoNissan Finally Discontinuing The Altima Sedan And Says Why
-
News1 week agoThe New Lexus LFA To Be Fitted With Toyota’s Solid-State Batteries
-
Celebrities Auto2 days agoBurna Boy’s ₦9 Billion Bugatti Chiron VXX Special Edition Arrives Nigeria
-
News1 week agoUS Fan Customizes His $5 Million Bugatti Chiron Pur Sport To Honor Messi And Argentina
-
News1 week agoABT Fits The Audi RS3 With An Insane 630 HP
-
Car Theft3 days agoSuspect Arrested After Trying To Smuggle Stolen ₦184M Toyota Land Cruiser Out Of South Africa
-
News1 week agoBYD Group Becomes Official Automotive Partner Of PSG, Players To Receive Denza, BYD Models