Staggering Smith Electric may be next Solyndra-like clean energy flop

Published September 25, 2012 4:00am ET



Another company that got millions of federal tax dollars in clean energy economic stimulus funds and a promotional visit by President Obama appears to be in jeopardy of going out of business.

Smith Electric Vehicles, a British company now based in Kansas City, canceled its scheduled Sept. 21 initial public offering listing, and now faces an uncertain future reminiscent of the last days of the Solyndra solar energy firm before it went banktupt.

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