Ruff and Tuff Electric Vehicles Inc. has announced that the Wheego Whip LSV will be out in the market soon, adding another variant for the growing number of electric cars for consumer selection. The Wheego Whip LSV is touted to come out this July.
“The strategic needs of the two companies are very different. RTEV has an industry-best established product line and a great regional distribution network. But with the downturn in the economy and the pressure that power sport dealers are feeling with floor plan financing being nearly non-existent, RTEV needs to focus on cost reduction and selling deeper into its established territory markets, instead of expanding into new markets. RTEV has a cash flow optimization strategy,” Mike McQuary of RTEV explained.
Similar to the fate that most car companies are experiencing today, it is not purely about the sale but the management direction to define consistent business operations. And while they are still fresh, it would be best to look out and closely monitor the demand and other factors that could make or break this new electric car in the market.
And getting the lessons from the debacle of large and long existent auto companies, Wheego aims to learn from these and build on their new product line which is highly awaited in the automotive industry today.
(Source) Press
Tags: auto companies, automotive industry, business operations, downturn, electric car, electric cars, electric vehicles inc, floor plan, flow optimization, mike mcquary, optimization strategy, power sport, ruff and tuff, whip
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[...] awesome news for those of you who’ve been following the Wheego line of electric vehicles–right now they may be little more than overpriced golf carts with [...]