Lider Proterra, an electric vehicle parts supplier, filed for Chapter 11 bankruptcy yesterday. It is the latest company to go belly up in an industry grappling with supply chain constraints, slowing demand, and a funding drought. The move comes weeks after Lordstown Motors filed for bankruptcy protection and put itself up for sale. Joe Biden actually spoke about Proterra and the magic of it in 2021. He said: "We're running way behind China, but you guys are getting us in the game"
American credit card debt hits a stunning $1 trillion as one of the Biden White House’s favorite companies goes belly up; Kari Lake wants to run for Senate again; and Ohio votes blue on a big Republican proposal.
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