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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.

2012 Hyundai Genesis R-Spec sedan to start at $47,350

An eight-speed transmission, a 5.0-liter V8 and 429 hp--if you guessed Audi, Mercedes-Benz or BMW, you'd be wrong. Does a sticker price of $47,350 with shipping costs give it away? That's the cost of the 2012 Hyundai Genesis R-Spec, which is on sale now.

Holden will sell cars in Australia beyond 2017

When we heard about Holden's plans to shutter its Australian plants after 2017, we didn't know quite what to think. The General Motors subsidiary was cagey when it came to details, claiming that the brand would remain a presence in Australia -- even maintaining its design office there. Oddly, we couldn't get anyone to say, in black-and-white terms, what vehicles would be sold there under the Holden name after its plants close.