MISC Think City News

You can't say EnerDel isn't still giving it the old college try. In this case, the Indianapolis-based company is making its presence felt at Purdue University, about 65 miles away. EnerDel is giving the university's College of Technology a collection of lithium-ion battery cells and research data worth about $263,000. The gift complements the $4.7 ...

"So about those free cars you donated to us..." The city government of Evansville, IN, which was given five all-electric City cars by now-bankrupt electric-vehicle maker Think USA, says that only one is functional because the other four vehicles' computer memories were erased because of improper recharging, the city's NBC affiliate reported on its ...

Remember when the U.S. capital of RV production, Elkhart, IN was going to escape the doldrums that the decline of the motor home industry brought on by shifting over to building electric cars? Not so fast. As NPR reports, rising demand for RVs has helped boost employment in Elkhart, IN, while the number of workers at the factory building Think electric ...

Lithium-ion battery maker Ener1, which filed for bankruptcy in late January, plans to emerge from its Chapter 11 status by mid-March with the help of $86 million in new equity and debt-holder agreements to restructure their debt on the company. Ener1, whose own investments include a stake in now-bankrupt battery-electric-vehicle maker Think, said in a ...

If you were smitten by the little electric Think City and thought the company's recent bankruptcy put the kibosh on your chances of ever owning one of the plastic-paneled car, then *ahem, think again. It seems there are still some of the city runabouts to be had if you look in the right place. One such location is Green Wheels in Chicago, IL. The ...

Ener1, a maker of lithium-ion batteries for electric-drive vehicles and a major investor in now-bankrupt electric-vehicle maker Think, has gone bankrupt itself. Ener1, which was also making batteries for the Norwegian automaker, said late last week that as much as $81 million in debt will be restructured (see below) as part of its Chapter 11 filing. The ...

Looks like things that were bad with Ener1 (and the Think City electric car) are about to go to worse. After a string of bad news (see here, here, here and here), the latest shoe to drop is the news that the NASDAQ suspended Ener1 from the stock exchange. The fight has apparently gone out of Ener1, since the company said it has no plans to appeal and will ...

When electric vehicle maker Think filed for bankruptcy last spring, it owed millions of dollars to EnerDel subsidiary Ener1. Ener1 was also a major investor in Think and a lot of the company's worth was tied up with the Norwegian EV maker. Any way you slice it, Think's failure put Ener1 in a bind. They were unable to collect on their debts, and their ...

The bankruptcy of Think Global is dragging Ener1 down even more, so an executive shake-up, it seems, is in order. Ener1 announced changes to its senior leadership team this week, including the resignation of Charles Gassenheimer, the man formerly in charge as the Chief Executive Officer of Ener1. The president of Ener1 and CEO of EnerDel, Christopher ...

Ener1, a pioneer of lithium-ion batteries for plug-in vehicles, has warned that it might not have sufficient funds to remain operational as a result of losses from its investment in Think Global, a Norwegian automaker that declared bankruptcy in late June. In a regulatory filing on Tuesday, New York-based Ener1 announced its restated financial results. ...