2005 - 2015 Toyota Bed Cleat on 2040-parts.com

Norwegian EV maker Think files for bankruptcy

Tiny electric car maker Think Global AS filed for bankruptcy today in its home market of Norway after attempts to keep the company going through recapitalization and restructuring failed, the company said in a statement. It is the fourth time Think has collapsed financially in its 20-year history. "We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough," Think spokesman James Andrew told Automotive News Europe.

Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.

2011 Chevrolet Cruze starts at $16,995

The 2011 Chevrolet Cruze, the next significant salvo into the small-car segment, will arrive in September with a base price of just $16,995. The Cruze, which rides on General Motors' global small-car underpinnings called Delta, is the company's most important small vehicle in years. It features a fuel-efficient powertrain, a relatively handsome appearance and long option list.