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Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge. —Valero Chairman and CEO Bill Klesse.
REG) has entered into an asset purchase agreement under which it would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum, a Fischer-Tropsch gas-to-liquids and renewable diesel fuel technology company. Syntroleum has 101 patents issued or pending.
reached agreement on the terms of an asset purchase agreement with Wanxiang America Corporation through which Wanxiang would acquire substantially all of A123’s assets for $256.6 Excluded from the asset purchase agreement with Wanxiang is A123’s Ann Arbor, Mich.-based A123 Systems, Inc. Earlier post.)
Eligible projects included those that replace, rehabilitate, lease, and purchase buses and related equipment as well as projects to purchase, rehabilitate, construct or lease bus-related facilities, such as buildings for bus storage and maintenance. million for hydrogen fuel cell buses. Description. City of Fairfield. 746,456.
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. We believe the asset purchase agreement with Johnson Controls, coupled with a Chapter 11 filing, is in. A123 Systems, Inc.,
the developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and energy storage systems ( earlier post ), filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware. Aquion Energy Inc., Whitacre, J. Shanbhag, S., Mohamed, A., Polonsky, A.,
The company will use a portion of the proceeds from these asset sales to fully repay its $4.0 Chesapeake has entered into purchase and sale agreements with three companies covering the vast majority of its Permian Basin assets for total net proceeds of approximately $3.3 billion of term loans during the 2012 fourth quarter.
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). He suggested that what the company calls its “stalking horse”—i.e.,
has purchased 35 Class 8 Volvo trucks that operate on compressed natural gas (CNG). distribution center and currently serves approximately 500 grocery stores in Virginia, Maryland, Delaware, West Virginia, Washington, D.C. SUPERVALU INC. The fleet, which operates out of SUPERVALU’s Mechanicsville, Va., and Baltimore.
Other states are considering adoption of the same low carbon fuel standard as California, including Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington.
Fisker Automotive has selected the GM Wilmington Assembly plant in Wilmington, Delaware for production for Project NINA, the development and build of a family-oriented plug-in hybrid sedan costing about $39,900 after federal tax credits. to purchase the Wilmington plant for $18 million after a routine four-month evaluation period.
to nearly 12 years and six months in prison, followed by three years of supervised release, for selling $9 million in renewable fuel credits which he falsely claimed were produced by his company, Clean Green Fuel, LLC. million to over 20 companies and forfeit $9.1 Hailey, of Perry Hall, Md., to buy his home in Perry Hall, Md.
Elon Musk reportedly formed three holding companies in Delaware , all with variations of the name “X Holdings,” according to a new report from Bloomberg. The establishment of one of the companies is being used to fund Musk’s Twitter purchase , should it occur. Elon Musk (@elonmusk) December 23, 2020.
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.)
A $240,000 grant to purchase and install two DC fast chargers at the Giant Eagle at 4010 Monroeville Boulevard, Monroeville, and a $240,000 grant to purchase and install two DC fast chargers at the Giant Eagle at 100 Settlers Ridge Center Drive, Pittsburgh. Multi-county. Giant Eagle, Inc.: Bucks County. Chargepoint, Inc.:
The Valero purchase agreement provides for a purchase price of $280 million, plus the value of inventory and certain pre-paid expenses, subject to certain customary adjustments. VeraSun hedged its corn purchases during the price spike in the summer of 2008 when cost per bushel had soared to nearly $8. Earlier post.).
Normal operations have already resumed at two major refineries in Delaware and New Jersey, and pipeline companies have restored services to six pipelines servicing New Jersey, Pennsylvania, and north to Maine.
It then states that Musk sold the shares at pumped prices and used the proceeds to purchase X, the social media platform that was once called Twitter. ERSRI filed the suit on Tuesday in the Delaware Chancery Court. Tesla is incorporated as a company in Delaware. million, based on the stock price at the time of writing.
Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 billion acquisition of solar energy company SolarCity. Interestingly, Musk also owned around 22% of Tesla at the time of the SolarCity purchase.
According to the lawsuit, Foxconn simply used its variety of contractual arrangements with the Company as a tool to destroy Lordstown’s business, while leveraging resources gained through the partnership to advance its own business interests. Earlier post.)
A Form 4 is the necessary paperwork needed for “an insider” with a company to execute a transaction. The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes.
According to the CEO’s legal team, Twitter’s alleged decision to conceal flaws in its data security — as highlighted by whistleblower and former Twitter security chief Peiter “Mudge” Zatko — amounted to fraud and a breach of contract by the social media company. . Don’t hesitate to contact us with news tips.
At Charged , we’ve spoken with a lot of companies that are offering solutions and/or workarounds for these problems—these usually involve some mix of onsite generation (almost always PV solar), battery buffering or storage, and charging management. Charged : What stage would you say Paired Power is at right now as a company?
Proxy advisory firm Glass Lewis has shared a few thoughts on the ongoing vote to ratify Elon Musk’s 2018 compensation plan, ahead of the company’s upcoming shareholders meeting. Along with the size of the payment plan, the firm said it was concerned about the deal having a dilutive effect on shareholders. What are your thoughts?
Tesla CEO Elon Musk said he is “uncomfortable” helping the company continue its path to revolutionize AI and robotics with the current voting share he has. However, the company has continued to strive forward under his guidance, and he is looking for more influence in what happens, according to what he said on X on Monday.
Back in May, the Orlando Police Pension Fund, which holds Twitter shares, filed a lawsuit in an attempt to stop Tesla CEO Elon Musk’s efforts to acquire the social media company. stake in Twitter, making him the company’s single largest shareholder. . The Tesla CEO quietly acquired a 9.2%
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.
Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. Judge Kathaleen St. per share. .
As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.
As of February 6, shares are down over 25 percent, and the slide truly started to get intense after the company’s Q4 Earnings Call. Tesla has done things differently than a lot of traditional car companies, but when you think about its models, there are a few things that the automaker does in a similar fashion. on the East Coast.
KoGuan Leo has been one of Tesla’s largest shareholders for years and is the company’s biggest retail investor, with over 27 million shares held. However, a small-time shareholder sued Tesla and Musk, and a Delaware judge ultimately ruled for the plaintiff, reversing the compensation plan. I’d love to hear from you!
The social media company just has to provide its method of sampling accounts and how they’re confirmed to be real. The Tesla CEO had offered to purchase Twitter for $54.20 per share, an amount that was approved by the social media company’s Board of Directors. Twitter, for its part, has not issued a response to Musk’s musings.
A lawsuit between Tesla Shareholders and Elon Musk ended on Wednesday with a Delaware court ruling in favor of CEO Elon Musk. Shareholders believed Tesla’s acquisition of SolarCity in 2016 was a bailout of a company owned by two of Musk’s cousins, which was unfair to them.
We have been certified as EVSE vendors and designated as official suppliers for governments and related agencies in the following states: Colorado The State of Colorado awarded Blink Contract 176608 for the purchase of electric vehicle charging stations by the state government from 2022 to 2024.
The Twitter Board of Directors recommends that stockholders vote in favor of the transaction (“FOR”),” the company wrote in the filing. Twitter sued Musk in an attempt to force the purchase. We are confident we will prevail in the Delaware Court of Chancery.” I’d love to hear from you!
Twitter and two of Elon Musk’s “X Holdings” companies will officially merge by October 24 after the Tesla CEO and the social media platform came to terms on a $44 billion deal yesterday. A new 8-K filing from Twitter through the SEC reveals Twitter and Musk’s parent company, which is known as “X Holdings I, Inc.”
Some believe his sale of Tesla stock to fund his purchase of Twitter should not be forgotten. Tesla’s AI projects are a big part of the company’s stock price. Musk’s current compensation package is still under review by the Delaware Chancery Court. Tesla is up under 1 percent on the day at the time of writing.
Days before the deadline to finalize the company’s deal with Elon Musk, Twitter Inc. The move suggests that the social media company is hopeful the deal with the Tesla CEO will be finalized. A Delaware court has directed Elon Musk, the CEO of Tesla Inc., has frozen the equity award accounts for employees.
As some areas were quick to adapt to EVs due to their geographic location in relation to the most innovative companies, others are well off the pace and are possibly years away from being even remotely prepared. California has a whopping 134 forms of legislation or purchasing incentives favorable to EVs, while New York has 42.
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. Assuming you received your state complimentary from GM at purchase, you’d need just $6,400 ($13,074 adj.)
In a 2024 study, it was revealed that 51 percent of customers responded that they had "low-trust" in their chosen insurance company , while 15 percent were said to have have high levels of trust and 34 percent had mid levels of trust. Power painted a pretty grim picture of how the typical driver feels about insurance firms. until the 1980s.
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.
Bankruptcy Court for Delaware. ” Earlier in the year, it purchased equipment from defunct U.K. Canoo American Bulldog In 2017, the company was started as Evelozcity by several former Faraday Future executives, although most of the contingent that launched it left some time ago. 17 in the U.S.
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