EnerDel Parent Encounters Cash-Flow Problems

Business Week reports that auditors are reviewing the cash flow of the parent company for EnerDel amid losses tied to the bankruptcy of electric car maker Think Global.

The market news is quoted as saying:

Ener1 on Tuesday restated earnings for the fiscal year ended Dec. 31, 2010, and for the quarter ended last March 31 to reflect losses related to Think Global’s June bankruptcy.

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