Think goes belly-up, again

Long-troubled, but forerunner in the electric car industry, Think, has had to file for bankruptcy again, leaving 80 employees at Fornebu without a job and the Norwegian, British and American owners with little to show for the billions of kroner they have invested in the company. This will be the third bankruptcy claim for the […]

Electric carmaker raises more funds

The Norwegian electric carmaker ‘Think’ has issued new stock in a fund-raising move aimed at helping finance a new planned factory in the US. Think raised NOK 252 million (about USD 42 million), reports news bureau NTB, and all current shareholders took part in the stock issue. The money is earmarked for Think’s new plant […]

Crisis loan saves car-maker Think, at least for now

The makers of Norway’s popular but troubled electric car called Think have secured a crisis loan from investors that will give Think executives more time to arrange needed long-term financing. Production has been stalled at the Think plant northwest of Oslo since before Christmas. That’s when Think once again ran into financial trouble on its […]