A court-appointed trustee will manage the company
in the interests of creditors, the company said in a statement. The all-electric, zero-emission cars can travel 100 miles on a single charge, using lithium-ion batteries made in Indiana, Think said.
But the price tag was above $30,000, giving the car little with which to vie against Nissan Leaf and the Chevrolet Volt. Just a few months ago, Think began delivering its first vehicles to the U.S. and had planned to expand the rollout later this year.
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