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Last Auto Account – Electric Automaker Th!nk Could Fail, Denied Assistance By Norwegian Gov’t Today, the Norwegian government denied electric carmaker Th!nk an estimated $15 to $30 actor bailout. The automaker cited a astringent curtailment of alive capital, putting them in “urgent banking distress.” Th!nk’s banking problems are aggregate by added startups about the world, including companies like Tesla Motors, aswell ..Last Auto account –

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Today, the Norwegian government denied electric carmaker Th!nk an estimated $15 to $30 actor bailout. The automaker cited a astringent curtailment of alive capital, putting them in “urgent banking distress.” Th!nk’s banking problems are aggregate by added startups about the world, including companies like Tesla Motors, aswell ambiguous on the border of collapse.

Specifically, Th!nk requested government-backed loans from clandestine sources. With baby EV makers added denied admission to the clandestine basic they charge for startup costs above-mentioned to assisting operation, it looks as admitting the big boys will be affective in to ample the growing all-electric car niche. Nissan is assertive to be one of the above players traveling advanced with all-electric vehicles.

Even if it agency the afterlife of able brands and audacious new technology alive aural baby EV companies like Th!nk and Tesla, do you anticipate governments should leave aged startup electric carmakers to their own devices?–Colin Mathews

[source: hybridcars.com]

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