Unique Mobility Inc., maker of advanced propulsion systems and electric motors and generators, is quietly scaling back its investment and activity in three electric vehicle ventures, including one involving former Chrysler Corp. Chairman Lee A. Iacocca. Unique Mobility says its decision to write off the assets in the three ventures to zero was a “bookkeeping” issue, done so it wouldn't have to “show their individual losses on a quarter-to-quarter basis.” “We still own them,” says John ...
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