25 Jul '11, 3pm

Official: Think Global purchased by Electric Mobility Solutions AS

Official: Think Global purchased by Electric Mobility Solutions AS

THINK™ North America Bolstered by New Ownership Electric Vehicle Business Continues in the U.S. Marke t Elkhart, Ind. (July 25, 2011) – THINK North America, Inc., which holds the exclusive license to market THINK brand electric mobility products in the U.S. market, has a new owner following the purchase of the company's parent, THINK Global AS, out of bankruptcy in Norway. Electric Mobility Solutions AS won a bid for THINK Global's assets, which included shares of wholly owned subsidiaries THINK North America and THINK UK, both of which remained going concerns during the bankruptcy proceeding of THINK Global. THINK North America will continue to support service and warranties for existing owners and future buyers of the THINK City vehicle in the U.S. THINK is continuing to sell pure electric vehicles in the North American market from the company's Elkhart-based assembly fa...

Full article: http://green.autoblog.com/2011/07/25/official-think-globa...

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