Think Electric Car Company Returns From the Dead
Norwegian car company Think — once owned by Ford — is coming back to life. The company went out of business a year ago but has raised new capital to relaunch its Think City electric car. The new model is based on a car Ford invested more than $100 million in before it sold the company to be liquidated. The kicker is Ford could really use some electric technology these days, and its funding is basically helping this reborn company. Think says the new model will have a range of 110 miles and will meet all U.S. safety regulations. It will go into production this year, but the company is only taking orders for Norway delivery at the present time.
