RTEV has spun off Wheego Electric Cars so both companies can focus on their respective markets.  RTEV will focus on cost cutting and selling deeper into their traditional market of electric powered recreational vehicles in a difficult environment for powersports manufacturers.  Wheego will concentrate on developing the market and distribution for their Wheego Whip LSV product which will go on sale in July of this year.  Management remarked that RTEV will be trying to optimize cash flow while Wheego will be following a more capital intensive strategy to take advantage of what they see as a high growth potential market.  Learn more  prnewswire.com