Think should have thought a little harder / News / The Foreigner

Think should have thought a little harder. Car company Think goes bankrupt again for the fourth time in 20 years. Think City EV, the electric car that gives off no emissions and is completely energy efficient didn’t sell as well as Think believed it would. With sales poor at the beginning, the Norwegian company has been left liquidating or selling their assets.  Think spokesman James Andrews told Automotive news Europe, “We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough.”

thinkelectriccar, bannkruptthink, thinkcity



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Think should have thought a little harder

Published on Thursday, 23rd June, 2011 at 09:33 under the news category, by Alison Kennedy.

Car company Think goes bankrupt again for the fourth time in 20 years.

TH!NK City car
TH!NK City car
Photo: TH!NK


Think City EV, the electric car that gives off no emissions and is completely energy efficient didn’t sell as well as Think believed it would. With sales poor at the beginning, the Norwegian company has been left liquidating or selling their assets. 

Think spokesman James Andrews told Automotive news Europe, “We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough.”

The company’s sole model Think City EV only sold 1,043 in 2010 and was suspended in March. “Think operates in North America, but its future is in doubt due to its reliance on the firm’s Norwegian operations,” writes Auto guide.com. 

In other news, Bergen’s rain-swept residents are now dropping electric cars for the first time in two years, reports Bergens Tidende.

Bergen had 192 out of Hordaland County’s 312 electric cars at the end of March, a decline of 2.2 percent from 2009, whilst national figures show a 34.4 percent increase.

Several experts are spinning their wheels trying to find an explanation, blaming Bergen’s early pioneering days of electric cars, motorists’ taste for current models, and poor marketing.

“I believe this decline is due to coincidence, and think the last two years have been an in between phase whilst people have waited for new generation models to appear on the market,” says Bergen’s climate official, Eva Britt Isager.

She remains optimistic for the future, but it does not seem that Think’s slogan, “don’t just drive – Think”, has been a hit with the city’s residents for now.




Published on Thursday, 23rd June, 2011 at 09:33 under the news category, by Alison Kennedy.

This post has the following tags: thinkelectriccar, bannkruptthink, thinkcity.





  
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