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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.

Ken Block: Gymkhana Four is best yet

Ken Block and DC Shoes have started production for Gymkhana Four, which is slated for video launch late this summer. Block said he never thought he'd outdo Gymkhana Three but that he's fully confident that the fourth installment will blow the earlier one out of the water. "The locations we visited and action we documented are absolutely wild," Block said.

Porsche recalls Carrera, Carrera 4 for tailpipe fix

Porsche announced last week that it will recall more than 2,200 Carrera and Carrera 4 911s because internal testing indicated the tailpipe could crack and detach from the rear muffler on vehicles with more than 25,000 miles. Affected vehicles include 2012 and 2013 models built between March 7, 2012 and Nov. 12, 2012.