Th!nk to begin building cars again, sort of
Filed under: EV/Plug-in, Th!nk (Think)
Having gone through the automotive equivalent of a near-death experience, we are happy to report that Th!nk is registering vital signs again and that the halted production of it's sub-compact City is set to resume, sort of. The company is still on life support and the factory in Aurskog will be completing vehicles and making some parts for future cars rather than resuming a regular production schedule. The head of the "debt committee," Jo Rodin said (in Google-translated English), "There will be no cars on the market in January."
According to the Norwegian news sources, short-term financing should be in place by Tuesday or Wednesday that would allow for a couple months of breathing room and help the troubled automaker to reach agreements with current creditors and hopefully attract some new investment. Although the amount of debt owed by the company wasn't stated, it is said to need at least $29 million to keep going. We hope Th!nk manages pull a Lazarus since its demise would not only make for a gloomy Norway-hosted EVS24 in May but also prove problematic for American battery supplier, Ener1. To help boost spirits in the meantime, we offer up an entertaining bit of bonus video (after the jump) of an original Ford Th!nk making a spirited pass through some cones. Thanks to Sindre for the tip!
[Source: E24 / YouTube]
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Reader Comments (Page 1 of 1)
1-03-2009 @ 2:49PM
gorr said...
This is just a world banking fight between the real owners (bank) and this little small compagny wannabe that accepted money, state regulation and other privileges, set-up market share, set-up battery supplier and specifications, set-up selling price and methods, etc. This is why i said that banks rule the industry and this is why everybody is near bankrupcy. The big banks of wall street with your president is attaking everybody and especially my car that i want to buy soon. This is their obsession for a lot of time. This compagny, Think, is not normal in any way and is a political-banking set-up own by nobody and they are menacing free entreprenorship all over the world and this site is own by the banking system too and follow the rules of high-financial circles and normal business is prohibited, especially green algae fuel and hydrogen.
This is not a new thing. It was predicted by nostradamus that the incompetants will try to lead the way because nobody on earth since the beginning have invented anything whatsoever, even elvis and the beatles. They just do what they did on the previous planets before this one. It's the only thing they know and they didn't learn or create anything new since the jesus era where everything was running good 85 billions years ago ?? Since then people have rejected jesus and any sort of beliefs and have live, then die, then re-live ad nauseam and jesus is still waiting for a car propelled forward by water. Water was invented by jesus and friends long time ago, more then 85 billions years ago.
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