Re: No more Ford Th!nk EV

["1sclunn" <1sclunn@msn.com>]

Don't be sad,  look at it this way, Would we be having so much fun building
and experimenting with conversions if 1/2 the cars on the road were EV-1's .
to bad are kids will have to pay ----- Original Message -----
From: "josh" <joshl@myrealbox.com>
To: <ev@listproc.sjsu.edu>
Sent: Friday, August 30, 2002 8:16 AM
Subject: No more Ford Th!nk EV


> http://biz.yahoo.com/rb/020830/autos_ford_think_2.html
>
> Reuters Business Report
> Ford Ending Investment in Electric Car
> Friday August 30, 9:49 am ET
>
> DETROIT (Reuters) - Ford Motor Co. (NYSE:F - News) on Friday said it was
pulling
> the plug on its Think electric vehicle division due to poor customer
demand and
> lack of government support for the environmentally friendly cars.
>
> Ford, which bought Norway-based Think in 1999 for $23 million and invested
$100
> million in electric vehicle battery technology, will instead focus on
developing
> fuel cell and hybrid gasoline-electric vehicles to meet environmental
> regulations for cars and trucks, spokesman Tim Holmes told Reuters.
>
> "The bottom line is we don't believe that this is the future of
environmental
> transport for the mass market," Holmes said.
>
> Ford will try to sell Think, or work with the Norwegian government to
transform
> the company to create a viable business, Holmes said. Ford hopes to make a
> decision by the end of September on the future of Think, which has two
> facilities outside Oslo and employs about 150 people.
>
> Other automakers have also backed away from electric vehicles due to their
low
> range and long recharging times.
>
>
>
>
>
>