Think, the Norwegian company that wants to bring a two-seater, all-electric economy car to the urban masses, halted production on Monday according to Reuters
and is seeking a bailout. The Norwegian government, however, has already told the company to suck a herring
The company needs around 100 million to 200 million crowns -- that's $14.5 million to $29 million-- in short term guarantees to stay afloat.
"We are in a very serious situation," said Richard Canny, the relatively new CEO, said in a news conference, Reuters reported. "We would not have taken these actions if it was not serious. We need to intensify efforts to bring in new capital."