Ford Motor Co. has acquired a 51% stake in Norwegian-based Pivco Industries Ltd., maker of a 2-passenger electric vehicle that uses nickel cadmium batteries called the TH!NK. The plastic-bodied car will be sold in four Nordic countries (Finland, Denmark, Norway and Sweden). Ford officials say a second-generation model will be developed, and possibly even a third, that could be sold in North America and other export markets. “We will be launching it in Europe initially,” says Jac Nasser, ...
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