Usually, insolvency is the worst fate a business can possibly imagine, but in the case of a small Norwegian company it proved to be just the opposite. Pivco, now a holding company, has been replaced by Think Nordic, owned 51 per cent by Ford and 49 per cent by existing shareholders. Think was the name given to Pivco's diminuitive electric city car, an elegant creation comprising a steel and aluminium spaceframe clad in polyethylene and ABS panels. It should have been the making of Pivco, but an indifferent economic climate in 1998 combined with the crippling cost of trying to bring a new automotive product to the market caused the company to go into liquidation shortly after the launch of Think at last year's EVS15 (15th electric vehicle symposium) in Brussels.
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