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Think in troubles...
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Written on: 23 December 2008 [19:13]
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ecoadmin
Administrator
registered since: 20.07.2007
Posts: 504
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From the Norway Post Auto maker Think seeks finacial support Norwegian electric vehicle producer Think is in need of fresh capital in order to keep up and increase production, and has asked the Norwegian government for loan guarantees. Communications Minister Liv Signe Navarsete says the Government will secure risk capital for environment friendly cars in Norway, in order to keep this industry operating. She says a working group will now evaluate the assistance provided by other governments to support their auto industry, in order to come up with a similar aid package to the Norwegian auto industry. Meanwhile the Think producton facility in Norway is laying off most of its workers until the end of the year. Besides all the negative effects this has on the employees, at least the government of Norway is considering assistance to the auto maker. Hopefully its enough to secure the company's future. ecocarforum.com - Green Car Network
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