Think Nordic, the Oslo electric car maker, was declared bankrupt at the end of February. The employees, who had not been paid since December, initiated the bankruptcy process.
The Think car was once owned by Ford but the American company sold the operation in 2002 when it decided there was no future for the electric vehicle. The company has produced a total of about 1,000 cars in various models in the past 3 years.
Think Nordic CEO Christopher Neal said in a statement that he still believes in a future for the electric car. He added that he hoped that investors would be drawn by the expertise built-up by Think's staff.
