Volvo offers $210 million lifeline to bankrupt electric bus manufacturer that spells good news for commuters and drivers ...Middle East

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ELECTRIC batter manufacturer Proterra has been saved from its Chapter 11 declaration by Volvo Trucks, unless bankruptcy courts decide otherwise. For $210 million, Volvo won the bid for Proterra’s battery operations plants. Getty Images - GettyAn electric bus company that supplied transit buses to major cities may be pulled from bankruptcy[/caption] Proterra, an electric battery operator specializing in transit buses, declared bankruptcy in August. The California-based manufacturer operates factories in California and South Carolina. Last year, the company produced nearly 200 buses and over 1,200 electric vehicle battery systems. The company also produced charging solut

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