• May 20, 2011
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:
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.
Then, in early May, Ener1 abruptly ended its deal with Think, saying that the investment was "impaired."

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:
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.
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.




[Source: Green Car Reports]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 11 Comments
      krona2k
      • 3 Years Ago
      Liquidation time methinks. Then again they probably wouldn't pre announce something like that.
      Marcopolo
      • 3 Years Ago
      The problem with Think!, is the product! Ford realised that marketing a vehicle too small, underpowered, poor quality, and superseded would be impossible to sell in economic numbers. Ford did the sensible thing by withdrawing involvement. Since then, Think has continued to eat up money trying fulfil unrealistic expectations. Not enough people will buy a substandard product, no matter how many idealists propose conspiracy theories to deny the obvious. Think!'s day, has come and gone. Like G-Wiz and many other early pioneers, Aptera, Zenn etc, these vehicles never had a future once the real auto-manufacturers entered the market. Even leaders like Tesla and Fisker will struggle without an alliance with an established auto-manufacturer.
      GoodCheer
      • 3 Years Ago
      Well I have to say that is a big sucker (and former Think driver) I'm interested to hear what the scoop is. As Dan says, it has to be a big announcement if Think is to remain (become?) a going concern.
      2 Wheeled Menace
      • 3 Years Ago
      My money is that they're being bought out by someone or going out of business.. The automaker simply doesn't "see the value in giving out monthly sales numbers." ^--- that's pretty hilarious. I think i know why there's no value in saying how bad you're doing ....
        Ben Crockett
        • 3 Years Ago
        @2 Wheeled Menace
        You would have to think (excuss the pun) that the vehicle sales numbers must be very small with the comment like that - maybe only single digit numbers.
      • 3 Years Ago
      C'mon...have you SEEN the sales pitch? It's a piece of junk. $30,000 for a car that lasts 100 miles and needs 6-8 hours to recharge on a 240V outlet (which nobody has, by the way). Only a true sucker with more money than sense would buy this car. Ener1 saw it. Now everybody else is seeing it. http://www.youtube.com/watch?v=AHUg8lGZya4
      EJ
      • 3 Years Ago
      The only way to 'save' Think is for them to go Yugo. Roll these out for $12K and they have a chance, otherwise they're toast.
        Kai F. Lahmann
        • 3 Years Ago
        @EJ
        $12k is a bit to low to be realistic - even an gasoline powered version won't need to be much cheaper than a Smart or Toyota/Scion iQ. But currently you can get a Nissan LEAF or Mitsubishi i for less - and they are four seat...
          Jim McL
          • 3 Years Ago
          @Kai F. Lahmann
          My Th!nk was delivered 3 days after I ordered it. Last I heard the wait list for the Leaf was months at least and the Mitsubishi i is not on sale yet at all in the US. The Th!nk cost me less to own than the Smart ED lease for 4 years, and I have a cubic meter of cargo space in back. I use that more than I use back seats. With availability of the Th!nk City EV improving in Norway the same as it is improving in the US, I would guess they are going to announce opening of retail outlets as planned. It was 4 big cities where parking is nasty, I don't remember which cities other than NYC and maybe San Francisco.
      Spec
      • 3 Years Ago
      Think is probably dead. Ener1 basically said Think was worthless. They never got the costs down, they never did a redesign, they never dropped the price.
      Dan Frederiksen
      • 3 Years Ago
      this should be interesting in a sort of fatalistic way. nothing short of a bag of money big enough to start over can save them now. if someone is foolish enough to give them money to continue it is only a matter of short time before they die anyway. way too many bad decisions way too long.