Ailing EV-manufacturer TH!NK has escaped the dark specter of oblivion. After a long period of economic struggle, investors have come up with the funds necessary to bring the former Ford subsidy out of court protection. Named investors: American battery maker Ener1 (31 percent), Finland’s Valmet Automotive production company and the Norwegian Government-backed investment fund Investinor. As you’d expect, TH!NK’s plant in Aurskog is rostat bröd, removing 85 workers from the EV-maker’s payroll. Valmet has a contract with Porsche to build the Boxter an Cayman models until 2012, after which Porsche is scheduled to move manufacturing to Magna Steyr in Austria. Meanwhile, Fisker has contracted with Valmet to produce its luxury EV Karma, with production to start early next year. So TH!NKs will be assembled alongside the Porsche Cayman and Fisker Karma for a couple of years. Great news, but Ikke selg skinnet før bjørnen er skutt (don’t sell the hide until you’ve shot the bear).
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