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Think Files For Chapter 11

Los Angeles Times, Friday, June 24, 2011 10:45 AM

The electric car company Think, which was once a part of Ford, has gone under. The Norway-based company which was part of Ford's early efforts to get into battery-powered cars, and has been around for more than 20 years was released by Ford Motor Co., which was its owner from 1999 until 2003. Since then it has been rolling downhill.

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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