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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.
Hyundai Genesis is practically autonomous on ‘Empty Car Convoy’ (video)
Sat, 12 Jul 2014The Hyundai Genesis driver makes his escape The new Hyundai Genesis is a proper poke by the Koreans at the big, luxury end of the car market, and as such it comes equipped with plenty of luxury features and high-end technology. So with a new Genesis to promote, Hyundai thought it would be a bit of a wheeze to demonstrate just how good many of the driver assist technologies are on the new Genesis, to the point where it is capable (with a bit of fiddling) of being autonomous and safe. Hyundai lined up a convoy of six stunt drivers in the new Genesis saloon at their test track in the Mojave Desert, engaged adaptive cruise, lane hold and automatic emergency braking and set it off round the test track.
Online database 'may cut car insurance premiums'
Fri, 10 Jan 2014MOTORISTS could see insurance premiums cut by up to £15 a year after the Government announced that all driving licence records are being put online. The searchable database for individuals and companies to check speeding endorsements and other details could also bring down the cost of car hire. The My Licence project is the latest part of the coalition's digital agenda, which has been gradually moving services on to the internet.