Been following the story of Norwegian electric carmaker Th!nk? In the past week, the company has gone from EV poster child to potentially bankrupt. The Norwegian government did not step in to help, and then the one of Th!nk's largest investors, Stein Erik Hagen, tried a sort of double or nothing plan. To keep current on this news, we've had the help of AutoblogGreen reader Leif E., who has been translating Norwegian news items for us. He now has another update on the evolving tale. The short version is that a well-known eco-friendly Th!nk investor, Peter Stordalen, didn't bite on the double down idea and the government is being a bit misleading in its reasons for denying Th!nk any help right now. Instead, the Minister of Trade is urging Th!nk to ask the non-political group Innovation Norway for money once the calendar rolls over to 2009. As Leif wrote in to AutoblogGreen, "out of fear of some political ramifications down the road, [the politicians] choose to delay action so the non-political branches could do the heavy lifting for them." Read all of Leif's email after the jump.
Thanks again to Leif E. for the help!