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Electric car maker Miles Electric Vehicles files for bankruptcy

U.S. electric car manufacturer Miles Electric Vehicles filed for chapter 11 bankruptcy early on Tuesday, court documents showed.

The company listed estimated assets in the range of $10 million to $50 million, and estimated liabilities of between $50 million and $100 million.

The case is in re Miles Electric Vehicles, Case No. 13-11511, U.S. Bankruptcy Court, District of Delaware.

(Reporting by Sakthi Prasad in Bangalore; editing by Patrick Graham)