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.

Ener1 spokesman Brian Sinderson, told the Indiana Business Journal that "the amount [Ener1 is owed] could change based on the extent to which funds are recovered as a result of the liquidation of Think Global."

The IBJ could not reach Think spokesman Brendan Prebo for comment on this developing story.


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  • 16 Comments
      Synthono
      • 3 Years Ago
      Nissan Leaf: MSRP before tax rebates: $32,780 (according to www.nissanusa.com) THINK City: MSRP before tax rebates: $36,495 (according to www.thinkev-usa.com) Gee, I wonder why they don't sell.
      Steve
      • 3 Years Ago
      When Ford owned them I said make these smaller vehicles hybrids. They will get great mileage and will beat the competition. All electric does not work right now. More recharging stations are needed. Make them hybrids and they will make money.
        rocketmoose
        • 3 Years Ago
        @Steve
        It's a good idea, but a hybrid system takes up space and makes the car heavier. So you'd need a bigger motor, etc.
      tantareanujellob
      • 3 Years Ago
      WOW didn't see that one coming from a mile away.
      Making11s
      • 3 Years Ago
      I'm shocked that hideous, plasticky, anemic little cars like this didn't become the most sold cars in the world. Oh wait, no I'm not.
      Randy
      • 3 Years Ago
      I remember when this was Ford's THINK division, then they sold it. Smart move (no pun ehh heh) for Ford to sell it. They were really THINKING when they did that! haaaaaa
      iQuack
      • 3 Years Ago
      Yeth, the finanthing wuth a problem which ith why Think thunk.
      Jonathan Leong
      • 3 Years Ago
      Good.
      • 3 Years Ago
      [blocked]
      William
      • 3 Years Ago
      Can we assume the market for this and similar cars is over-hyped? DUH!
      • 3 Years Ago
      [blocked]
      paulwilson05
      • 3 Years Ago
      really not surprised
      postpast
      • 3 Years Ago
      The attention for little car companise paved the way for cars like the leaf. If our VC Markey treated otherindustrys like they did softwere in the 90's maybe this would be a real company
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