Business Now: Valence Tech bouncing back after bankruptcy
To view our videos, you need to
install Adobe Flash 9 or above. Install now.
Then come back here and refresh the page.
Local battery maker Valence Technology has had a rocky road management-wise, with a seeming revolving door of CEOs.
Click here to read more about this story in the Austin Business Journal.
However, Austin Business Journal
Editor Colin Pope said the company may be bouncing back since filing for Chapter 11 bankruptcy a few months ago. A California lender by the name of GemCap has offered the group a $10 million loan.
All that is left is for the judge to give the go-ahead. It’s good news for the company, who luckily hasn’t scaled back production or let employees go.
Find out more in this edition of “Business Now” in the video above.