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ABB increases stake in InCharge Energy to 60%; fleet electrification services

Green Car Congress

Its innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. InCharge Energy’s innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. —Frank Muehlon, President of ABB’s E-mobility Division.

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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

Green Car Congress

The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 billion); Kinder Morgan has agreed to work with the Government of Canada to seek a third-party buyer for the Trans Mountain Pipeline system and TMEP. This is an investment in Canada’s future.

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Azure Dynamics reports progress in restructuring

Green Car Congress

On 26 March, the company filed for and obtained protection from its creditors under the Companies’ Creditors Arrangement Act (Canada) (CCAA). The Supreme Court of British Columbia granted the initial order; Ernst & Young Inc. (EY) Earlier post.) EY) was appointed Monitor of AZD during the CCAA proceedings.

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Chrysler Group LLC completes refinancing and repays US and Canadian government loans

Green Car Congress

billion to Export Development Canada (EDC) to retire the loans granted when Chrysler Group began operations in June 2009. Chrysler Group confirmed the completion of new financing transactions consisting of a term loan totaling $3.0 The new financing will save Chrysler Group an estimated $350 million a year in interest expenses.

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Aemetis RNG production exceeds plan by 20% during Q2 2023

Green Car Congress

Currently, 37 dairy digesters are under development or under construction, and seven dairy digesters are fully operational.

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% General Motors Corp. Common equity, 60.8% of which will be owned by the US Treasury, 11.7% Earlier post.)

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Tesla starts laying the foundation for the Semi in Canada

Teslarati

Tesla submitted some proposals for Canada’s 2023 Federal Budget that may lay the foundation for the arrival of the Semi in Canada. Tesla’s proposals were submitted as part of Canada’s pre-budget consultations before the government’s 2023 budget is finalized.

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