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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.
Bugatti reveals footage of record-setting open-top run
Mon, 29 Apr 2013In case there was any doubt, Bugatti posted footage on Monday of its $2.6 million Veyron Grand Sport Vitesse hitting a record-setting 254.04 mph at Volkswagen's Ehra-Lessien test track. Chinese racing driver Anthony Liu was behind the wheel. If you'll remember, when Bugatti had its hardtop top-speed record pulled, it quickly set this test in motion to quiet any detractors.
California looks to tighten pollution limits
Thu, 26 Jan 2012The California Air Resources Board is scheduled to vote on Thursday on whether to adopt stricter clean-air standards for the state proposed by the Advanced Clean Car program. The program's proposal combines the control of soot, smog-causing pollutants and greenhouse-gas emissions into a package that may be required for model years 2017 through 2025. According to the program, the rules aim to clean up conventionally powered cars, deliver more zero-emissions cars and ensure that a fueling infrastructure is available.