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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.

Porsche will return to Le Mans LMP1 class in 2014

Porsche have announced their intention to return to top-level sports prototype racing in 2014, with a car to compete in the LMP1 class at the Le Mans 24 Hour race. Porsche: Most successful manufacturer at Le Mans The Zuffenhausen-based carmaker has plenty of heritage to draw upon as it enters its LMP1 car development programme. Porsche have won the Le Mans 24hr race 16 times since 1970 with racing models including the 917, 956, 962 and 911GT1.

Remote areas may get fuel duty cut

REMOTE RURAL areas in Scotland, North Yorkshire and Devon could benefit from a 5p-per-litre fuel duty cut, under plans put forward by ministers. The Government has applied to the European Commission to vary the duty rates in 10 towns across Britain. Discounts have never been permitted on the mainland before, although they are already in place for the Scottish islands, Isles of Scilly and other island communities in Europe.