Breaking: Think gets cash infusion - ElectricAid releases celebratory film

[Electric Aid]

The Norwegian news wires is bombarded today with the news of Think getting $40-50 million dollars from new and anonymous investors when they complete their debt negotiations. Think's C.E.O Richard Canny tells DN.no that the fresh capital will be enough to put the company on a path towards profitability

The company still have to complete it's debt consolidation process before they can resume production but we still feel this occasion calls for some celebration. When we did our original film review of the Think City we also made a trailer for the production that was never released for two reasons:

1: The post production of the film took longer time than we have thought originally and we simply did not want to spend another week to let the trailer do it's pre-release hype work.

2: The trailer turned out to be very commercial-ish and also it gave away our conclusion on how we felt about the car before people could see the film

That was then. Today we feel it is time to release it so our work was not for waste and for you to have something to dance to =)

In our final word I would like to add that our fight for a guarantee institute in Norway will continue since these latest developments does not ensure continued production in Norway. We would also encourage U.S citizens to sign yourself up on our Think City wait list which we will deliver to Think when the time is right.

Enjoy our trailer:

[stephen shields]

Anonymous investors for the Think? I wonder who this investors were?

Well anyway the news is getting complicated, will the Think will make it in here in the US? where will they put it and will their line of discount auto parts be available? I'd better sigh up of the waiting list just to be sure...

[birger]

And Tesla gets $465m ;)
http://edition.cnn.com/2009/TECH/06/23/tesla.electric.cars/index.html

[PenelopeT]

That article is so factual. Thanks I learn a lot. But aside from that breaking report let me share something new issue to you. Payday lenders get a bad rap. They get blamed for everything by people who usually don't know what they're talking about, and the misunderstanding of payday lenders runs deep. The payday lending industry came about, in its current form, in the early 90s as a competitor to credit cards, and they have flourished since then. Consumer advocacy groups have been railing against them for years, but the evidence they summon never cites studies, only anecdotes, which amounts to hearsay. "Somebody had something happen to them somewhere!" is not much of an argument. Still, payday lenders didn't go crying to the government for billions in installment loans after crashing the economy, did they?

[Mart H. Shearer]

Confirmed that the Louisiana plant will not be for an electric vehicle.

http://www.cnbc.com/id/31409499

[Electric Aid]

No hints =)

[Speculawyer]

>>>We would also encourage U.S citizens to sign yourself up on our Think City wait list which we will deliver to Think when the time is right.br />
Any hint to us on how many people have signed up?

[Speculawyer]

Anonymous investor? Perhaps the Google guys who have fond memories of one of the old slow Th!nkcars from the 1990's?

[Linas Tatarūnas]

New report from Autoblogreen - "New Louisiana auto plant not for Th!nk, will make high-mpg gas-powered cars"; http://www.autobloggreen.com/2009/06/17/new-louisiana-auto-plant-not-for-th-nk-will-make-high-mpg-gas-p/

[Mart H. Shearer]

Increasingly, it looks like this plant will go to the Fisker Karma-hybrid. We'll know for certain in about three more hours, but leaks indicate an American manufacturer with high-efficiency gasoline (petrol) powerplant.
http://www.thenewsstar.com/article/20090617/NEWS01/906170325

[Linas Tatarūnas]

Great news! p.s: At the same time EnerDel gets up to $3.3 million from U.S. Department of Energy "to develop a chemical shuttle agent that will eliminate the danger of overcharging lithium ion batteries developed for plug in hybrid electric vehicles, hybrid electric vehicles, and electric vehicles..."*

* - DOE announces $11 million in battery vehicle awards; http://www.autobloggreen.com/2009/06/16/doe-announces-11-million-in-battery-vehicle-awards/