This is an excerpt from EERE Network News, a weekly electronic newsletter.

January 08, 2003

Ford Agrees to Sell Think Nordic to Kamkorp Microelectronics

Ford Motor Company signed a letter of intent in late December to sell Think Nordic, the Norwegian part of its electric vehicle (EV) business, to Kamkorp Microelectronics of Switzerland. The agreement will save 100 jobs at Think Nordic's plant in Aurskog, Norway.

Ford announced in late August 2002 that it was abandoning its TH!NK brand of battery-powered EVs, focusing instead on developing hybrid electric and fuel-cell vehicles. As part of the agreement, Kamkorp will also acquire the rights to the "TH!NK" and "city" brand names, developed by Ford. Ford acquired the Norwegian plant in 1999, when it was operating under the PIVCO name.

The news is posted on the United Kingdom version of the TH!NK Mobility Web site. On the Web site, choose "UK" as the country, then choose "Recent News" and select the December 19th press release.

Kamkorp is the parent company of Frazer-Nash Research Limited, a U.K.-based producer of EVs. See the Frazer-Nash Web site.

Despite Ford's departure from the EV business, DOE is continuing to test Ford's two-seater vehicle, the TH!NK city EV, in a demonstration project. DOE announced last week the completion of the first year of a three-year TH!NK city EV Demonstration Program, which is testing 340 TH!NK city EVs in four states: California, Georgia, Michigan, and New York. The TH!NK city has a top speed of about 55 mph and a range of about 45 miles per charge. DOE's Idaho National Engineering and Environmental Laboratory (INEEL) is managing the demonstration program. See the INEEL press release.