BREAKING NEWS

Better Place shuts down US, Australian operations

By GLOBES/DUBI BEN-GEDALYAHU

FEBRUARY 6, 2013 11:53

Electric car venture Better Place Inc. is pulling the plug on its operations in Australia and the US, and will focus on Israel and Denmark.

In a statement, the company said, "Following the decision by Better Place to focus on delivering on its strategy in Denmark and Israel, where the complete infrastructure is in place and commercial operations are fully underway, consultations are underway with a view to securing an orderly wind-down of its non-core activities in North America and limiting any further investment in Australia beyond its current commitments."

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