Thursday, July 25, 2024

Went bankrupt three times – Norwegian car brand disappeared completely

It is now 13 years since Norwegian Think went bankrupt for the third time. It was the death knell for the project once owned by Ford.

Do you remember the small, electric city car Think? Well, right? Well, these days it is also a full 13 years since the brand went bankrupt for the third time.

What should have been the great electric car adventure ran out of power several times, and the third time there was no nod generator to get the batteries going again.

In the end, there were several suppliers who did not get any money. And the company behind the city car, Think Global, actually knew that already in February 2011.

– They told us in February that they had no money and that they were trying to raise new capital within 60 days. Since then nothing has happened and we still haven't received the money, said the supplier of the wiring harness for the small cars, AQ Wiring Systems.

READ ALSO: Tesla owner exposed by ex-wife – must pay DKK 700,000

In fact, Think could not even pay for the actual production of the cars, which took place in Finland. Valmet Automotive, which also built the Fisker Karma a few years later, got no money.

At least not for the last examples of the more than 2,500 cars that were built before the third and final bankruptcy.

Think, which was actually owned by Ford between 1999 and 2003, is just one of the many car brands that did not survive.

Not even if a Russian businessman named Boris Zingarevich stated immediately after the bankruptcy that there was an opportunity to restart production under the name Electric Mobility Solutions. It just never happened.

Already three years before the last bankruptcy, the Danish car dealer Nellemann pulled the plug on Think. At that time, they had sold just 21 cars to Danes around the country.

Read more exciting news from and about the world of cars right here!

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