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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. Tengzhong is one of China’s major privately owned engineering companies. General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co., Citi is acting as financial advisor to GM.

Hummer 210
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EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

sales and use tax. However, the incentive does not apply to the purchase of PHEVs. Some utility companies offer special electricity rate structures for PEV owners to incentivize vehicle charging during off-peak hours, generally in the evening. Washington has exempted EVs from the state''s 6.5%

Plug-in 381
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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

Green Car Congress

AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. The purchase price is RMB 5.6 Click to enlarge.

Volvo 294
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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035.

Honda 400
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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

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 Twitter confirmed the sale to Musk in a statement on Monday. Upon completion of the transaction, Twitter will become a privately held company.

For Sale 145
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Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha

Green Car Congress

Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.

Waste 268
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Anjie Wireless licenses WiTricity technology for China EV market

Green Car Congress

Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

China 249