No, I know sir, its not as big as Obama’s
Things were looking rosy for the 100% electric new THINK city car. In the race to get electric cars to market, the Norwegian start-up Think Global AS was one of the front-runners. It snagged big-name venture-capital backing and in 2008 manufactured about 350 of its latest model, a two-seater, plug-in city car. It planned to ramp up production to 10,000 units this year.
Then, at the end of October last year, the company took its shiny new model to Downing Street to be blessed by Gordon. Shortly after, in mid-December, Think became one of the green technology world’s first major casualties, filing for bankruptcy protection. All is not lost though because, in mid January, the company secured an interim financing commitment and was able to call back the first batch of employees from the lay-off it had to declare.
Could this be the first electric city vehicle available through car leasing? Keep away from Downing Street would be my advice.
January 27, 2009 at 7:19 pm | Electric Cars | No comment
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