Modec rescue deal ‘imminent’

A RESCUE deal for Coventry based electric vehicle manufacturer Modec could be imminent after a rival firm confirmed it was in talks to salvage the company.

Barry Shrier, chief executive of Oxford based Liberty Electric Cars, said last night his firm was mounting a rescue bid.

Mr Shrier, chairing a Science Capital debate in Birmingham on the future of the motor industry, said it was vital that innovative firms such as Modec were encouraged.

“Modec is a perfect marriage between science and innov... For the full story register now for free or login below...