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ThinkBailout


Th!nk saved by outside investors Ener1

Th!nk's not dead yet, though it might still officially be on life support. As expected, an outside group of investors has stepped up to the plate and bailed out the Norwegian electric car company with a bridge loan of 40 million crowns ($5.69 million). The largest bit of funding comes courtesy of Ener1 Group Inc. If that name sounds familiar, it's because they're the private equity firm that owns 57% of Ener1, which, in turn, is the maker of battery packs that are being used in the Th!nk City. This figure is short of the 100-200 million ... Read more →

Th!nk thinks outside investors will step up to save Th!nk Sebastian Blanco

Things continue to look up at Th!nk. Electric Aid is watching the Norwegian press for us, and found an article in Indre.no that says that Th!nk management is "very optimistic" about the chances ...

Th!nk to begin building cars again, sort of Domenick Yoney

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 its sub-compact City is ...

Th!nk now under "public administration" Sebastian Blanco

There is no Christmas holiday break for the Th!nk bankruptcy/bailout story. The latest from Leif: Think was actually put under "public administration" Friday. This is a scary word for the state ...

Th!nk saved by outside investors Ener1 10 months ago on Autoblog Green

Th!nk's not dead yet, though it might still officially be on life support. As expected, an outside group of investors has stepped up to the plate and bailed out the Norwegian electric car company with a bridge loan of 40 million crowns ($5.69 million). The largest bit of funding comes courtesy ...

Th!nk thinks outside investors will step up to save Th!nk 10 months ago on Autoblog Green

Things continue to look up at Th!nk. Electric Aid is watching the Norwegian press for us, and found an article in Indre.no that says that Th!nk management is "very optimistic" about the chances that outside new investors - along with current ones and the Norwegian government - will step in and ...

Th!nk to begin building cars again, sort of 10 months ago on Autoblog Green

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 its sub-compact City is set to resume, sort of. The company is still on life support and the factory in Aurskog will be ...

Th!nk now under "public administration" 10 months ago on Autoblog Green

There is no Christmas holiday break for the Th!nk bankruptcy/bailout story. The latest from Leif: Think was actually put under "public administration" Friday. This is a scary word for the state stepping in and freezing all payments to creditors while a company tries to settle a volunteer-based ...


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