Report: Think Global files for bankruptcy - Ford Inside News Community
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post #1 of 2 (permalink) Old 06-22-2011, 03:56 PM Thread Starter
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Report: Think Global files for bankruptcy

Report: Think Global files for bankruptcy
Jun 22nd 2011

When Ener1 abruptly ended its four-year-long deal with Think Global, saying that its investment was "impaired," we had reason to worry. Now comes word that the struggles continue to mount at Think Global and that the automaker has filed for bankruptcy. Again.

According to a statement released by Ener1, Think Global will liquidate its assets in an attempt to pay back its creditors. Apparently, Ener1 has stepped in and is currently in charge of recovering some $32 million in unpaid loans and accounts receivable from Think Global.

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Remember that Think was owned by Ford.

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post #2 of 2 (permalink) Old 06-23-2011, 02:00 AM
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Re: Report: Think Global files for bankruptcy

People go into the car business thinking its easy. Its not. Watch Tesla, Fisker etc.. they might not be in this world for long.. after all the talk.. this is a very difficult business..

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