Pheonix Motorcars is determined to make electric cars no matter how bad the business is currently going. The company was saved last year when it struck a partnership with the state of Hawai but know it will need some more restructuring. Filing for bankruptcy was the inevitable solution but the future could be brighter. Pheonix Motorcars’ CEO said that its company “has not abandoned the alternative fuels transportation space.” In the mean time former drivetrain supplier UQM has won the $5.3 million arbitration so we’ll just have to wait and see how Pheonix Motorcars will look like in the future. We’re still hoping for those electric vehicles to arrive soon.