Re: ..death by a thousand paper cuts..

Looks like they gave up on makin cars and are now in the battery business.

http://m.theglobeandmail.com/report-on-business/streetwise/zenn-raises-2-mill...



To get you up to speed: the company no longer makes electric cars, its former chief executive officer and chairman previously stepped down, and the new $2-million injection was desperately needed because the company is currently burning about $225,000 per quarter, and only has $750,000 in the bank.

That Zenn no longer makes cars isn’t new news. Back in late 2009, the company announced that it was halting production, just three years after the automobiles first hit the market. The company explained why in a public document: “The credit crisis saw an erosion of discretionary income, the price of oil drop by half and many auto manufacturers bring smaller, fuel efficient low priced cars to the market.”

But if Zenn no longer makes cars, what exactly are the recent investors investing in? A car battery. Since halting production, Zenn has focused exclusively on opportunities around the EEStor ESU barium titanate ceramic battery. Sounds fancy.