Elkhart Electric Car Plant Gets New Owner

Think North America spokesman Brendan Prebo says the company's assets are being transferred to a new company after Think went bankrupt last month.

ELKHART, Ind. (AP) -- The company that has been making electric cars at a northern Indiana factory has a new owner, giving local officials more confidence in its future.

Think North America spokesman Brendan Prebo says the company's assets are being transferred to the buyer. Prebo tells The Elkhart Truth that the company intends to get the necessary auto parts and resume production at the factory in Elkhart.

Production has been halted there since at least April because of the financial troubles that led Norway-based Think Global to seek bankruptcy protection last month.

Elkhart Mayor Dick Moore says he feels much better about the factory's prospects.

Think started initial production in Elkhart last year. The company planned for the factory to have some 400 workers by 2013, but now has 11 on its payroll.

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