» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 41 | Friday, October 11, 2019

UK vacuum maker Dyson scraps electric car project

Print | Front Page | Email this story

LONDON (AP) — Dyson, the British company best known for groundbreaking vacuum cleaners, is scrapping its electric car project because it doesn't make business sense.

Billionaire founder James Dyson said in an email to employees Thursday that the project was shut down because the company "simply can no longer see a way to make it commercially viable."

Dyson said the company had failed to find a buyer for the project and denied that it was a "product failure."

Dyson announced plans last year to build the car in Singapore as part of a 2.5 billion-pound ($3.1 billion) investment in new technology globally.

The project was an ambitious attempt to enter an industry where even visionaries like Tesla's Elon Musk have struggled to make money.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0