Think Global Files For Bankruptcy

Think City
Think Global has filed for bankruptcy protection in Norway, a major creditor said this morning. The company plans to liquidate its assets, according to a statement from its exclusive battery supplier, Ener1 Inc.

Spokesman Brian Sinderson issued a statement saying, “Ener1 estimates that the amount of the charge is $32.6 million, although the amount could change based on the extent to which funds are recovered as a result of the liquidation of Think Global.”

The Indiana Business Journal could not reach Think spokesman Brendan Prebo for comment.

Article source: http://www.ibj.com/electric-car-company-filing-for-bankruptcy/PARAMS/article/27872