Where There's Smoke There's Nickel-Metal Hydride

Where There's Smoke There's Nickel-Metal Hydride

As Green Car Advisor has reported recently, battery-maker Cobasys is in a bit of a jam.

First we learn that the company sold General Motors Corp. a heap of defective batteries. Then days later we learn that it's in deep financial trouble.

Now our blue-ribbon sister site, Edmunds' AutoObserver.com, has learned that the stock price of Cobasys' co-parent company has tripled in value since January – despite the fact that the stock has no earnings, pays no dividend and the company's operations have not had positive cash flow for the past five years...

Oh, and lest we forget, its bumbling baby – Cobasys – is very costly to maintain. So go figure! Or better yet, click here and read the AutoObserver report.

Scott Doggett:  is an AutoObserver.com Associate Editor.