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Norwegian EV maker Think files for bankruptcy
Thu, 23 Jun 2011Tiny 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.
GM posts wider loss, burns through $5.2 billion in cash
Thu, 26 Feb 2009General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.
GPS Jammers increasingly used to steal cars & farm equipment
Fri, 30 Mar 2012GPS Jammers increasingly used in car & farm equipment theft New figures show that as well as being used to steal cars, GPS Jammers are also being used in the theft of Agricultural machinery. We all do it – fit a tracker device to our pride and joy – because insurance companies insist and it makes sense. After all, a simple call to the tracker company and the boys in blue can pin down your lost love.