photo: Think
Norwegian electric carmaker Think said Tuesday it has obtained a $5.7 million bridge loan from battery maker Ener1 Group and other investors to allow the company to resume limited production of its City urban runabout.
In December Think idled its assembly line and laid off workers as the global credit crunch took its toll and the company was unable to obtain funding to finance continued production of its electric vehicles.
Think CEO Richard Canny said in a statement Tuesday that the company is continuing negotiations to raise capital but the interim financing from Ener1, which is supplying lithium-ion batteries to Think, will allow the recall of some workers to complete cars from parts on hand. “We have encouraging engagement with a number of potential new equity investors for our recapitalization process,” said Canny.
The Think financing comes as Ford (F), Toyota (TM), Honda (HMC) and other major automakers unveil prototypes for new electric cars and plug-in hybrids at the Detroit Auto Show.
Green Wombat 
what’s the impact of this story with companies like A123 Systems that need companies like Think to take off???
http://www.greentechmedia.com/articles/with-general-electric-snub-is-a123-systems-on-the-ropes-5495.html
also since we are discussing cars—
what do people think about the new Telsa ??????
http://www.greentechmedia.com/articles/tesla-shows-off-new-sports-car-chrysler-touts-all-electric-sports-car-5493.html