Ford Sells TH!NK Division

January 10, 2003 [] Ford Motor Company signed a letter of intent in late December to sell Think Nordic, the Norwegian part of its electric vehicle 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 vehicles, focusing instead on developing hybrid electric and fuel-cell vehicles.
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