• Jul 19th 2011 at 11:55AM
  • 6
Think City – Click above for high-res image gallery

Here's a twist. After Think filed once again for bankruptcy, rumors floated around that Turkey's BD Otomotiv was interested in buying the Norwegian electric car company. Those have quieted down, but Ener1, the battery maker that was invested in the automaker, is Think's largest creditor and is trying to recover around $32 million in unpaid loans and accounts receivable. Into this picture steps (again) Russian businessman Boris Zingarevich.

Zingarevich sits on the board of the Ener1 Group and, according to past reports, has "indirect ownership of less than 40%" of its shares. This connection – and the fact that Zingarevich has "close ties" to Russian elites like President Dmitry Medvedev and Prime Minister Vladimir Putin – possibly possibly hurt Think's DOE loan application. Now, Norwegian media outlet NA24 (Google translate version) is saying that Zingarevich is has purchased what is left of Think. Our contacts at Think North America tell us that they can't confirm or deny the accuracy of the NS24 report, since Think North America is not directly involved in the bankruptcy process. We'll see what else we can learn in the near future. Thanks to Robert for the tip!

[Source: NA24 (translated)]

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    • 1 Second Ago
      • 8 Months Ago
      Sadly, even with more funding Think will just continue to meander.
      • 8 Months Ago
      I think that i think if distributed to usa won't sale that much because of the look and size. Leaf and volt are better looking and i think that i think look nerds.
      • 8 Months Ago
      Does that thing have Mini headlamps.
        • 8 Months Ago
        No, its not Mini headlamps, the think headlamps is developed for Think city.
      Jim McL
      • 8 Months Ago
      Following the links back to the Barrons article makes me wonder. Why all the fuss about a Russian investor when we buy most everything from China and OPEC has a 7% stake in Fox news? Zingarevich is described as a patent investor. Funny that EnerDel pulled out of Think while Zingarevich was a major shareholder. But patient investors are what a startup EV company needs.
        Marco Polo
        • 8 Months Ago
        @Jim McL
        Opec owns no shares in Fox News! Kingdom Investments, whose principle shareholder is a Saudi citizen, owns 6.3% of the common stock, (giving Kingdom about 1.4% of the voting rights). Kingdom owns substantial interests in Amazon,AOL, Hong Kong & Shanghai Bank , Apple Inc, Coca Cola, Pepsi, Motorola, Citigroup, Compaq, eBay,Four Seasons Hotels & Resorts,Hewlett-Packard, McDonald's, Priceline.com Inc, Procter & Gamble, The Walt Disney Company, and hundreds of other corporations. Kingdom has no nominees on the Board of Fox, and with directors like , Arthur M. Siskind, Stanley S. Shuman, Andrew S. B. Knight of J.Rothchild Capital Inc. It would seem that any suggestion OPEC control, by 'Islamic' forces might be a bit far fetched! Oh, I forgot, there's another director, Mr Viet Dinh!
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