Think goes bust?

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MB
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Think goes bust?

Postby MB » Wed Jan 28, 2009 3:44 pm

After the financial issues surrounding Think over the past few weeks, there are some unconfirmed reports on the internet that Think has reached the end of the road.

Think went into public administration in Norway at the end of December. Public administration is the Norweigen equivalent of the US Chapter 11 bankrupcy protection.

A $5.7m bailout was agreed a little over a week ago. Since then, however, things seem to have hit a block somewhere and the reports say that the company has now shut down.

I'm trying to get more information now.
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ChrisB
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Postby ChrisB » Wed Jan 28, 2009 10:07 pm

Another one bites the dust :cry:

Mind you I wonder if there will be some cheap thinks up for grabs ?

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Postby MB » Thu Jan 29, 2009 4:37 pm

I doubt it. Very few were actually built.

Since posting this link, I've found mixed news about Think. Think themselves are not responding to e-mails to confirm or deny the rumours and nobody really seems to know what is going on.
My new book is out: The 2011 Electric Car Guide is available from Amazon and all good bookshops.
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