Thursday, 25 December 2014
Last updated 1 day ago
Dec 14 2009 | 2:43pm ET
The Norwegian electric vehicle (EV) producer THINK has re-started production of its THINK City model with manufacturing partner Valmet Automotive in a new facility in Uusikaupunki, Finland.
Valmet Automotive is a leading provider of engineering and manufacturing services to the automotive industry and recently became a THINK shareholder and strategic industrial partner. Last week marked the start of production at Valmet Automotive’s high-tech manufacturing base, which also produces Garia and Fisker alternative-fuel vehicles as well as Porsche AG’s Boxster and Cayman.
Production at Valmet Automotive follows THINK City’s re-capitalization earlier this year and the arrival of new investors. THINK has also won new drivetrain supply contracts.
THINK CEO Richard Canny said in a statement, “This is a very significant day for THINK. We are back in production and I am so pleased that some of our very loyal customers can look forward to delivery of their long-awaited THINK City before Christmas. The order bank stands at around 2,300 vehicles, and our first priority is to deliver to these customers now that our vehicles are rolling off the production line again. Our next priority is to build on this order bank with continued expansion in Europe and around the world.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.