Tuesday, May 31, 2011 1:45:10 PM
DesignLine's financial stress appears to have started more than two years ago after its expensive shift to Rolleston by its new owners, the Glosson family, of North Carolina, who had also embarked on an expansion in Charlotte, North Carolina, where they set up a large plant to manufacture the hybrid electric bus, but last year ran out of cash. The Glossons are headed by retired US Lieutenant General Buster Glosson, who flew combat missions during the Vietnam War.
http://www.stuff.co.nz/business/5083009/DesignLine-liquidation-costs-jobs
http://www.stuff.co.nz/business/5083009/DesignLine-liquidation-costs-jobs
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