- May 20, 2011
Think to make "significant announcement" within "10 days"
Think City – Click above for high-res image gallery
In mid-April, Valmet Automotive halted production of the electric Think City. At the time, a Think spokesperson told us that:
Then, in early May, Ener1 abruptly ended its deal with Think, saying that the investment was "impaired."We have asked Valmet to temporarily stop production in Finland, while we rebalance our parts inventory in Europe. The stoppage in Finland has had little effect on our U.S. business. We have continued to receive gliders from Finland, and are continuing to ship vehicles to customers.
On Thursday, Think North America spokesman, Brendan Prebo, told Green Car Reports that, given that Think sells vehicles only in select markets, the automaker simply doesn't "see the value in giving out monthly sales numbers."
But that's not all that Prebo had to say. When GCR prodded Prebo regarding the impact of Ener1 cutting most of its ties with Think, he replied with this:
There are rumors that Think has landed a new investor, will make management changes and revise its production goals. There's even some indication that the automaker is inking out the details to a joint venture. But until this "significant announcement" comes, Think's future remains in question.In all fairness to the other members of the media that have sent us inquiries, I can't comment on your questions at this time. We are anticipating a significant announcement within the next 10 days that we think will address the current round of questioning.
[Source: Green Car Reports]