Remove Companies Remove Delaware Remove Financing Remove Purchase
article thumbnail

A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

Financing 225
article thumbnail

Twitter refuses Elon Musk’s renewed $44B bid

Teslarati

Twitter is refusing to accept Elon Musk’s renewed bid of $44 billion for the social media company, according to a report from The Associated Press citing Elon Musk’s attorneys. This news comes after reports of Elon Musk’s asking the Delaware court to halt the upcoming trial.

article thumbnail

Johnson Controls to acquire automotive assets of Li-ion maker A123 Systems for $125M; A123 and US subsidiaries file for Chapter 11 bankruptcy

Green Car Congress

a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. District of Delaware. million in “debtor in possession” (DIP) financing to support continued operations. A123 Systems, Inc.,

Li-ion 304
article thumbnail

Abandoned History: Oldsmobile's Guidestar Navigation System and Other Cartography (Part VI)

The Truth About Cars

Sacrificing much, GM spent billions and billions of 1980s dollars on technology and engineering entities at the behest of CEO Roger Smith, who wanted to transform The General into a company more resembling a conglomerate like GE. But behind the layers of finance and paperwork, Guidestar GPS was developed. Let me know.

Parts 115
article thumbnail

More details about California’s proposal requiring bidirectional charging capabilities for all EVs

Charged EVs

It turns an EV into a mobile battery that can be used to provide backup power to a home or business, and to provide services to the electrical grid, generating revenue for the vehicle owner and potentially offsetting a significant part of the purchase price of the vehicle. Charged : We’ve been covering your company for several years.

Charging 133
article thumbnail

EV Chargers for All!

Cars That Think

Harry decided to forego buying an EV, but he remains open to purchasing one if both the affordability and charging issues are better addressed. “I The transition to EVs in the United States will hit a deep pothole unless the more than one-third of the 124 million households that rent can be convinced to purchase an EV.

article thumbnail

One way or another, Fisker Automotive may soon be off the market

Green Car Congress

Two German investors, Ingo Voigt and Fritz Nol, announced their intent to buy Fisker Automotive, the failing plug-in hybrid car company, on 11 September. Though the Voight/Nol offer amount has not yet been made public, many predict the company will sell for $25 million to $50 million. Noting that DOE has issued $8.4 Earlier post.)

Fisker 218