About: Modec   Sponge Permalink

An Entity of Type : dbkwik:resource/41M8fembgW4ejRUqT-lkRA==, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

Following a long-term decline in sales with a total production of around 400 vehicles, and following the failure of a rescue deal with Navistar, Modec entered administration in March 2011 with debts of over £40m. Navistar subsequently bought the intellectual property rights from administrators Zolfo Cooper.

AttributesValues
rdf:type
rdfs:label
  • Modec
rdfs:comment
  • Following a long-term decline in sales with a total production of around 400 vehicles, and following the failure of a rescue deal with Navistar, Modec entered administration in March 2011 with debts of over £40m. Navistar subsequently bought the intellectual property rights from administrators Zolfo Cooper.
sameAs
Products
  • Zero Emission Commercial Vehicles
dcterms:subject
foaf:homepage
dbkwik:tractors/pr...iPageUsesTemplate
company slogan
  • Quietly changing the world
Logo
  • 200(xsd:integer)
Name
  • Modec Limited
Type
num employees
  • 70(xsd:integer)
Net income
  • Undisclosed
Fate
  • Assets & IP sold to Navistar International
Key people
Homepage
Industry
Revenue
  • Undisclosed
Location
abstract
  • Following a long-term decline in sales with a total production of around 400 vehicles, and following the failure of a rescue deal with Navistar, Modec entered administration in March 2011 with debts of over £40m. Navistar subsequently bought the intellectual property rights from administrators Zolfo Cooper. Following the closure of the business and sale of the assets, Liberty Electric Cars hired the entire Modec engineering team and set up a new subsidiary “Liberty E-Tech”. After failing in January 2011 to agree a deal with Navistar to buy the brand, in July 2011 Liberty launched a service called “e-Care” to service and maintain Modec vehicles, which presently covers the UK, France, Germany and Dubai.
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