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According to the Wall Street Journal, Electric car maker THINK said Tuesday it completed a $40 million equity increase to help fund both vehicle development and planned expansion in North America, and expects to create positive cashflow in 2011. In a statement, the Norwegian-based company said following the closing of the transaction it will foster the [...] THINK has announced a significant investment in a brand new, state-of-the-art product development facility at its corporate headquarters in Fornebu, Oslo, Norway. The company’s 70-strong team of product development engineers and technicians will shortly move into the new facility at Fornebu. The fully integrated development centre will offer the pioneering THINK team cutting-edge facilities including a dedicated [...] THINK has re-started production of the THINK City model, one of the world’s first urban EVs, at a state-of-the-art new facility with manufacturing partner Valmet Automotive in Uusikaupunki, Finland. Valmet Automotive is a leading provider of engineering and manufacturing services to the automotive industry and recently became a THINK shareholder and strategic industrial partner. Today marks [...] |
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