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" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> 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. > > > > > >
