Think may be saved by Stein Erik Hagen's double-or-nothing plan
Click above for a high-res gallery of the Th!nk City
Following up on yesterday's news that the Norwegian government does not seem inclined to help electric vehicle manufacturer Th!nk, AutoblogGreen tipster Leif E. sent us a link to E24 that says that one of Norway's richest people, Stein Erik Hagen, has said he's willing to double his investments in the company if other major investors do the same. From the Google translation of the original article, those other investors are divided on whether or not to join Hagen. Leif also noted that the article is misleading when it says that investors want the Norwegian government to buy into Th!nk. Instead, Th!nk is looking for a loan from a private bank with a government guarantee.
FYI, E24 stands for "economy 24/7" and Leif calls them "the biggest economy news provider for the major newspapers." Thanks again to Leif E. for the tip!
Related: How Th!nk's possible bankruptcy affects Ener1
Gallery: Th!nk City
[Source: E24 (Google English translation)]
Reader Comments (Page 1 of 1)
imoore 1:29PM (12/16/2008)
I hope something positive happens soon. Think seems to be a good plan, and I still hope to see the Ox make it into production. We can't afford to lose this brand.
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Sasparilla 5:22PM (12/16/2008)
Hopefully they can be saved. It'd be sad to see the new Generation Think die just as its reaching Home plate (and general sales) after these years of getting it ready since Ford killed it. This is where the frozen credit markets are choking the life out of everything.
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