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The electric vehicle features medical-grade equipment and a made-to-order design by AYRO and mobile cart’s leader Gallery, expanding on the companies’ existing food service vehicle models. Each company will leverage its national footprint and expertise to facilitate the deployment of EVVs. Element Fleet Management Corp.,
Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen. The companies want to push ahead with the development of a hydrogen economy. The companies are convinced that the draft passed by the Federal Cabinet at the beginning of February does not go far enough.
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 Li-ion maker A123 Systems, Inc.
With the M1 permit in hand, the company expects to be hoisting graphite after the shaft has been deepened by twenty feet and crosscut to a parallel vein system. The K1 mining project is fully permitted, and the company is in the process of deepening the shaft and has doubled capacity for hoisting graphite. From the K1 site.
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
Rental car company Avis Budget Group, Inc. has agreed to acquire car-sharing company Zipcar for $12.25 The Boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders representing approximately 32% of the outstanding common stock have agreed to vote their shares in support of the transaction.
The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo, where 70% of the world’s cobalt resources are located. The first trainings for mine operators and miners have just begun.
Düsseldorf, Germany-base E.ON, one of the world’s largest investor-owned power and gas companies, is adopting a new strategic direction under which is will split itself in two. will take necessary preparatory steps for the New Company’s public listing. About 40,000 employees will be assigned to the distinctly focused company.
As part of its strategy of developing solutions to reduce CO 2 emissions, Valeo has acquired the Variable Torque Enhancement System (VTES) ( earlier post ) business of UK automotive technology development company Controlled Power Technologies (CPT). VTES will be integrated into Valeo’s Powertrain Systems Business Group with immediate effect.
The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6% per year over a 10-year period. Rebate program. Debt reduction.
On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. However, current cash is anticipated to be sufficient for expected operations during the Chapter 11 proceeding, and therefore the Company is not expected to require third-party debtor-in-possession financing. Earlier post.)
Specialty chemicals and advanced materials company Rockwood Holdings Inc. Rockwood intends to finance the acquisition using existing cash on its balance sheet and new debt financing. Lazard is acting as exclusive financial advisor to Rockwood, and Gilbert & Tobin is acting as Rockwood’s legal counsel. Earlier post.).
Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. Searle oversaw an internal purchasing probe during his final days at the company before leaving. Tesla has gone through several Head Legal employees in the past several years. I’d love to hear from you!
FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide debtor-in-possession (DIP) financing to enable CODA’s extant energy storage business (CODA Energy) to remain fully operational during the restructuring process. Batteries Electric (Battery) Vehicle Manufacturers'
The financing was led by a combination of new and existing shareholders. In anticipation of regulatory approval, the Company continues to advance its detailed and long-lead engineering with completion expected in 2012. Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. million common shares at $12.50
Many individuals find the legal processes right after an accident overwhelming: growing medical bills, car repair costs and lost wages put a big dent in personal finances. We will unfold for you everything, from getting medical treatment to what your legal rights could be. Understand your insurance policy.
Tesla’s legal team received a boost last month, with the company hiring Derek Windham, a top securities lawyer, as its senior director and deputy general counsel for corporate and securities. He would be reporting to the head of Tesla’s in-house legal team, who, in turn, reports directly to CEO Elon Musk. .
federal and state authorities FCA maintains its position that the Company did not engage in any deliberate scheme to install defeat devices to cheat emissions tests. The consent decree and settlement agreements contain no finding or admission with regard to any alleged violations. . 6 million to Customs and Border Protection.
The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. With the latest round of financing secured, Sila Nano has begun ramping up production volume and plans to supply its first commercial customers in consumer electronics within the next year.
The California Air Resources Board announced that Ford Motor Company has agreed to fines totaling $2,960,000 for violations of air quality laws related to the sale of vehicles with non-compliant On-Board Diagnostic (OBD) systems in California. Officials estimate the money will support loans for about 90 clean-diesel vehicles.
million) Series D financing round. UBS acted as a financial advisor to the company. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues.
The parties intend to enter an offtake agreement, whereupon the pricing mechanism and minimum tonnages outlined in the term sheet would become binding upon the signing by the parties of a legally binding offtake agreement, together with any other agreements necessary to give effect to the project.
A contract to this effect between the companies, together with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, will aim to improve artisanal mining working conditions, as well as living conditions for surrounding communities.
Following regulatory approvals, the company was founded at the end of April. The company’s goal is to expand its project business gradually and achieve a powerful workforce within the next five years. processes, including production planning, logistics, finance, maintenance, quality and materials management.
—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. In order to finance the high investment required to realign the business model, the company launched the Audi Transformation Plan (ATP). Our investment planning takes this into account.
The feasibility study is expected to determine the most likely pipeline route, the estimated costs of constructing such a pipeline, and review regulatory, legal and permitting requirements. This program, instituted in the Energy Policy Act of 2005, is designed to spur technological innovation in fossil fuel development.
The US Department of Energy (DOE) has launched a pilot initiative to reduce some of the hurdles that prevent companies from working with the DOE’s national laboratories. DOE will announce the laboratories selected to participate in the pilot in January.
priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. development on advanced manufacturing processes and advanced industrial materials, enabling companies to cut costs by using less energy while improving product quality. These funds are.
By concealing the emissions scheme, Volkswagen reaped hundreds of millions of dollars in benefit by issuing the securities at more attractive rates for the company, according to the complaint.
Visteon is taking this step to maximize the long-term value of the company. The results of these actions, combined with our innovative products and excellent product quality, will allow Visteon to emerge a financially sound and well-positioned company. The petitions were filed in the US Bankruptcy Court for the District of Delaware.
The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.
Elon Musk’s deal with Twitter, which was agreed upon on April 25 for $44 billion, is not on hold and will move forward, company executives told employees on Thursday. According to the Bloomberg report, Twitter’s top legal professionals are reassuring employees that the deal is still set to go through despite Musk’s comments.
—Jürgen Rittersberger, Member of the Board of Management of AUDI AG responsible for Finance, IT and Legal Affairs SAIC and Audi have signed a memorandum of understanding. The recently founded Volkswagen Group China Technology Company (VCTC) is the development partner for XPENG.
This marks the first time the EU-financed development teams in SARTRE have tried their systems together outside the simulators. At the workshop a number of non-technical challenges for road trains were discussed, such as legal regulations, product liability and driver acceptance of automated vehicles. Earlier post.
According to the group, an integrated climate change and clean energy policy framework should include: Clear short-, medium- and long-term greenhouse gas emission reduction objectives and targets, and comprehensive, enforceable legal mechanisms and timelines for delivering on these objectives and targets.
These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.
The combined company will capitalize on the growing opportunities created by the accelerating demand for security, connectivity and processing, the two companies said. Richard Clemmer, NXP CEO, will continue to be the President and Chief Executive Officer of the merged company. NXP intends to fund the transaction with $1.0
BETO recognizes the availability of financing for first-of-a-kind process systems can be a barrier to commercializing advanced biofuels. Barriers to Scale-Up of SAF, Marine, and Renewable Diesel Technologies – input on technical, financial, legal, contractual, policy and other barriers.
Following Tesla CEO Elon Musk’s proposal to complete a buyout of social media platform Twitter, the company’s board has decided to accept the offer of $54.20 Upon completion of the transaction, Twitter will become a privately held company. There are no financing conditions to the closing of the transaction.
CALSEIA’s Executor Director Sue Kateley will be delivering her report on the newest renewable energy legal developments Sacramento. How can CleanTech companies access the close to $80 billion in the Federal. How can CleanTech companies benefit from the strengthened mix of local to federal incentives? Are cities leading the way?
In a letter , Musk’s legal team stated that despite the Tesla CEO’s requests for critical data on the social media platform’s users, Twitter had been uncooperative. Musk had demanded more data from Twitter after the social media company noted in an SEC filing that less than 5% of its users are fake accounts.
The two companies have identified strategic synergies that underpin an alliance where the partners shall collaborate with other strategic partners to further drive down costs across all areas of the plant, through innovative modularization.
The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc.
TRI will support Velocys and its partners to further optimise overall plant cost and the financing of BTL plants through, for example, accessing governmental loan guarantee processes and securing independent engineering reviews. The company expects the terms of the MoU to be reflected in legally-binding documentation within the coming months.
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