Financial crisis hits electric car company Think Global

Think Global is a Norwegian based manufacturer of electric vehicles and is the same company behind the original ‘Th!nk’ electric car that went on sale in the U.S. during the late 1990s. Back then, Think was owned by Ford, which sold it in 2003 to Swiss company Kamkorp Microelectronics. In 2006 Think went bankrupt and was subsequently rescued by a group of Norwegian investors determined to build the firm into a proper carmaker with a number of all-electric models. The rejuvenated company showed some promise in recent years, revealing a number of new concept vehicles and announcing plans to establish operations in the U.S.