Timing is perfect, but money woes plague electric car maker Think

AURSKOG, Norway (AFP)


It is in dire need of cash to pay suppliers, who are exercising caution and demanding up-front payment, and has asked the Norwegian government for either a line of credit, loan guarantees, or a capital injection in exchange for a stake in the company.

But to no avail, so far.

Contrary to the Big Three carmakers in the United States — Chrysler, Ford and General Motors — who cannot find buyers for their gas-guzzling models, Think’s problem is not a lack of buyers but a lack of financing for production

AFP