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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.
Chevrolet Cruze (2011) US reveal
Sun, 29 Nov 2009The US Spec Chevy Cruze has been revealed ahead of its launch at the LA Auto Show It’s the LA Auto Show this week, and one of the debuts is – somewhat bizarrely – the launch of the 2010 / 2011 Chevy Cruze. Is that an all new Chevy Cruze they’re launching, I hear you ask? No, it’s the Chevy Cruze revealed in the UK back in the Spring and even earlier in other markets.
After a miss with the Sebring, Chrysler resets its upscale mission
Mon, 22 Nov 2010With the 2011 200 sedan, due in December, the Chrysler brand is taking another shot at the vast mid-sized sedan market, a target it missed badly with the Sebring. The 200, derived from the Sebring, resets the brand mission: refined design, luxury touches inside, a quiet ride and responsive handling--at affordable prices. The approach will be shared by the reworked Chrysler Town & Country minivan, also due in December, and the reworked 2012 Chrysler 300 sedan, which arrives in March.