Think Global Declared Bankrupt

We reported back at the end of May that Norwegian EV manufacturer Think had lost key investor and battery market Ener1.  So there’s some unsurprising news today — Think has been declared bankrupt.

A court appointed administrator will immediately take over running of the Oslo-based company, which will be wound down while funds are found to pay off creditors.  Apparently, Ener1 is owed $32million in unpaid loans and invoices alone.

Think makes a habit of these sorts of things.  Back in 2002 Ford pulled out of supporting the company after investing $123 million.

Think has sold just 2500 cars in Europe and the US in its 20 year history.


RELATED POSTS

Peugeot announces exclusive RCZ 'Red Carbon' limited edition, priced from £26,000
Extremely rare McLaren F1 crashes into tree in Italy (PICTURES)
Volkswagen Transporter Sportline 60 special edition celebrates 60 years of the Transporter in the UK
Bentley reportedly considering a new entry-level coupe
All-new 2016 Ford Focus RS officially rated at 345bhp, debuts at Goodwood
All-new Ford GT FIA Endurance car making UK debut at Autosport International
McLaren Sports Series introduces two new track-dedicated models: the 570S GT4 and the 570S Sprint
Honda and Kabuku unveil 3D printed micro commuter
First ever right hand drive AC Cobra MK VI to be launched at the Performance Car Show
All-new Audi RS 5 coupe revealed
Honda Urban EV concept previews a production model
7 Cars We're Sad to See Leave in 2020
Tags: ,