After all the announcements and retractions, hints and tax abatements, it's come to this: Think will make electric cars in Elkhart, Indiana.
Think has been talking about building and selling the highway-speed Think City electric vehicle to the U.S. for quite some time and two locations in Indiana – Elkhart and nearby Middlebury – were in the running the longest to get the manufacturing facility. When talks with the property owner in Middlebury broke down, Think decided on New Year's Eve to set up shop in Elkhart. Yesterday, the Elkhart City Council voted 8-0 to give Think a 10-year tax phase-in, a benefit worth almost $3 million. Late last year, Think re-started production in Finland, and a limited number of U.S. sales will start in the fourth quarter of 2010.
Indiana Governor Mitch Daniels and Think CEO Richard Canny will be giving a press conference in Elkhart this afternoon. We'll be speaking to Canny in a little while for more information. Thanks to David W. and Paul D. for the tips!
[Source: Think, Etruth]