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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

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Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. —Nikola CFO Kim Brady.

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Open source street legal EV, powered by hub motors

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The project team is using design bodywork from gaming, converted to a Solidworks file. Target single-charge range for the Luka EV is 300 km (186 miles), with a top speed of 130 km/h (81 mph) and a price below €20,000 (US$22,445). Project aims include quick design and build (less than a year).

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Get H2 partners propose green hydrogen pipeline in Europe

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Most of the transport will take place via existing gas grid lines (shown in orange), which will be converted to hydrogen transport. From 2024 this will be used to supply the bp refinery in Gelsenkirchen. In 2025, it is planned to extend the network to the Dutch border, and in 2026 RWE will integrate a cavern storage facility in Gronau-Epe.

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WHYY reports Philadelphia’s Proterra electric bus fleet sidelined due to cracked chassis and other defects

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But internal communications, obtained by WHYY’s PlanPhilly through a right-to-know request, reveal the incident shook SEPTA’s top executives and triggered a serious reevaluation of its plans to convert more of its fleet to electric power. Proterra maintains that SEPTA’s fleet will be put back into service eventually.

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

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However, Fisker believes customers may be able to retain eligibility for the full $7,500 credit for the 2022 tax year by converting their existing reservations into a binding sales contract for the purchase of the Fisker Ocean, per the Transition Rule. At that time, this order process will close.

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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In addition, FCA US will pay $19 million to the State of California for emissions mitigation initiatives, while also financing the upgrade of 200,000 high-efficiency catalytic converters through the aftermarket. Affected customers will be advised when they may schedule service appointments.

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Google’s technology campaign for autonomous driving

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This represented more of a future state since although the vehicle was capable of executing the actions to get Steve to and from the taco shop, there are still significant legal issues to be worked out before blind people can routinely drive cars autonomously. The California state Senate has approved a similar measure ( SB 1298 ).

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