Monday, December 15, 2008
Beyond Detroit: Think halts production; appeals for govt help
Think Global, the Norwegian electric car maker, has halted production of its electric City car, generating fears of a possible bankruptcy. As reported by Reuters, "Like many other car companies, privately-held Think said it had difficulties in obtaining working capital and that automotive suppliers offered tougher terms on parts." It has asked the Norwegian government for $100-200 million to see it through the crisis.