AN electric van maker is to cease trading, despite a North-East firm expressing early interest.
Administrators for Modec, in Binley, Coventry, said they have been unable to find a suitable buyer for the business.
Administrator Zolfo Cooper which took over on March 4, when 25 out of 63 staff were made redundant, said it had no choice but to cease trading and make the majority of the remaining employees redundant.
Last month Liberty Electric Cars, which has its manufacturing base in Cramlington, Northumberland, hinted it may seek a tie-up with Modec.
In a statement, the company said it believed a combined Liberty-Modec organisation would make a formidable player in the emerging electric vehicle sector.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here