Out of Fuel Better Place Asks Court to Appoint Liquidator as Last of Its Cash Runs Out

The revolutionary electric car company asked an Israeli court to appoint a temporary liquidator; 'This is a difficult day for all of us,' CEO Dan Cohen says.

Better Place, the once high-flying electric-car venture, yesterday asked the Lod District Court to dissolve the company and appoint a temporary liquidator after the firm failed to raise additional capital to keep its operations going.