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    Solyndra slows expansion plans

    Nov. 3, 2010
    The New York Times is reporting that Solyndra Corp., Fremont, Calif., has decided to close a solar-panel production plant and lay off workers. "Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to make its ...

    The New York Times is reporting that Solyndra Corp., Fremont, Calif., has decided to close a solar-panel production plant and lay off workers.

    "Just seven weeks ago, Solyndra opened Fab 2, a $733 million factory in Fremont, Calif., to make its high-tech solar panels. The new plant was supposed to be the first phase of a rapid expansion of the company," the Times reported.

    "Instead, Solyndra has decided to shutter the old plant and postpone plans to expand Fab 2, which was built with a $535 million federal loan guarantee."

    New York Times article