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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.
Who's Where: Karim Habib joins Mercedes-Benz
Tue, 17 Mar 2009Karim Habib, former Team Leader for Advanced Design at BMW, joined Mercedes-Benz earlier this month, becoming Head of Advanced Design at the German automaker's Stuttgart studio. Habib will work under newly appointed Mercedes-Benz Head of Design, Gorden Wagener. Habib, who celebrates his 38th birthday today, was born in Beirut, Lebanon and attended elementary school in Iran, France and Greece before moving to Montreal, Canada in 1982.
Lotus chief exec Dany Bahar suspended: what's next?
Mon, 28 May 2012Group Lotus chief Dany Bahar has been suspended while complaints about his conduct are carried out by parent company DRB Hicom. Weekend newspapers reported that the dispute was over expenses for building work carried out on one of Bahar's homes. Bahar was suspended on Friday and the new owners stressed that Lotus Cars continued to run in his absence.