Th!nk May Be Saved By An Angel

Yesterday the news broke that the Norwegian Government is not likely to help the electric car manufacturer Th!nk.

Today, one of the richest men in Norway, Stein Erik Hagen, said that he is prepared to double his investment in Th!nk if other major investers will follow suit. Apparently, the other investors are divided about following Hagen. In the meantime, the company is for a private bank loan using a government guarantee.

Now that the prices of oil are dropping radically, drivers may stay with low priced gasoline, rather than going to alternatively fueled vehicles.