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WiTricity Corporation (WiTricity), IHI Corporation (IHI) and Mitsubishi Motors Corporation (MMC) will join forces to research and develop easily deployable electric vehicle (EV) wireless charging systems readily compatible with electric grids.
Christine Hohmann-Dennhardt, currently Member of the Board of Management of Daimler AG for Integrity and Legal Affairs, will move to Volkswagen AG in 2016 as Board Member for Integrity and Legal Affairs. She will join the Volkswagen Group as of 1 January 2016 as the Board Member for Integrity and Legal Affairs.
Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol “NKLA.”. VectoIQ Acquisition Corp.
The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. The new structure comprises three legally independent entities—Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG—under the umbrella of Daimler AG.
NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., Project management, ship design and legal compliance. Toshiba Energy Systems & Solutions Corporation. ENEOS Corporation. Implementation of high-power FC system on vessels and development of operation technology.
Tesla is taking an interesting approach with its Legal Department by building a “full-scale internal litigation and trial team,” according to General Counsel and Corporate Secretary for the automaker, Brandon Ehrhart. It is an interesting approach to the legal side of things.
Alberta, Canada’s Climate Change and Emissions Management (CCMEC) Corporation is awarding more than C$37.5 Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12%. Enmax Corporation , C$14.5 million (US$36.6
OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation. Earlier post.) Chapter 7 for SIT.
As another step toward autonomous driving systems, Volvo Car Corporation is demonstrating a new traffic jam assistance system. —Peter Mertens, Senior Vice President Research and Development of Volvo Car Corporation. But the legal situation for this technology still remains unclear. Earlier post.).
The judge in the Elon Musk pay package case is being warned by the Delaware High Court that the massive legal fee windfall is a major risk. This works out to $280,000 an hour, but the highest-paid corporate attorneys are paid around $2,500 an hour. history,” the report states. worked out to about $35,000 an hour.
NEWSOM'S PROPOSED AUTONOMOUS TRUCK REGULATIONS Newsom Reconfirms His Commitment to Corporate Profit Over Good Jobs. The post California prepares legal framework for autonomous trucking appeared first on TESLARATI. TEAMSTERS CONDEMN CALIFORNIA GOV.
Element 1 Corporation (e1NA), Zhejiang Methanol Hydrogen Technology (ZMHT) and Zhejiang Element 1 (e1China) have formed a joint venture company—Zhejiang Hydrogen One Energy Technology Co., —Zhu Foqing, an industry expert in China’s energy field and legal representative of ZMHT.
has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, all the issued and outstanding shares of fuel-cell systems provider Hydrogenics Corporation for US$15.00 LLC is serving as financial advisor, and Gowling WLG (Canada) LLP and Barnes & Thornburg LLP are serving as legal counsel to Cummins.
CPT was advised on the transaction by Turquoise International (corporate finance) and Matthew Arnold Baldwin (legal & tax). It also validates our approach to technology development, which we apply to all our products. —CPT CEO Nick Pascoe“.
Barber Hauler Capital Advisers, Santander Corporate & Investment Banking acted as financial advisors to the company, and De Gaulle and Fleurance & Associés as legal advisors.
Thomas Healy, CEO and founder of Hyliion, will continue as CEO of the combined company, overseeing the implementation of Hyliion’s corporate strategy. These funds will be used to accelerate product commercialization, product production, operational growth and for general corporate purposes. exercise their redemption rights at closing.
Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. Searle’s LinkedIn page has yet to be updated, as it still currently states he is the Acting Head of Legal and Corporate Secretary for Tesla, a position he has held since October 2021.
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. .
By Sam Hargreaves This study examines the legal feasibility of different options for legislative measures that could be put forward by the Commission in order to boost uptake of zero-emission vehicles in corporate fleets. The post Legal Study on EU Legislation for Corporate Fleet Electrification appeared first on EV Obsession.
The proposed transaction will be completed, subject to the definitive arrangement agreement, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia), whereby a newly formed British Columbia corporation (Tevva, Inc.), Canada Ltd. Snell & Wilmer L.L.P.,
Tesla has beefed up its “hardcore” legal team with a new General Counsel hire in Brandon Ehrhart, who spent over two decades with Dish Network. Ehrhart said on LinkedIn one week ago that he was assuming a new position as General Counsel and a Corporate Secretary for Tesla at its headquarters in Austin, Texas.
Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. acted as sole financial advisor to Nikola on the transaction, and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor. —Nikola CFO Kim Brady.
The event intends to bring together engineers, scientists and corporate decision makers from the battery, automotive, utility and lithium mining industries. He is a well-known inventor, speaker, and author, and is a recognized authority in technology assessment and battery technology legal cases.
US Secretary of Energy Ernest Moniz and Director General of the Russian Federation State Corporation “Rosatom” Sergey Kirienko signed an agreement between the governments of their two countries on cooperation in nuclear- and energy-related scientific research and development.
Bank of America’s member on the GCEP management committee will be James Mahoney, the bank’s corporate communications and public policy executive. Ongoing interactions with the research organizations at GCEP’s corporate sponsors help sharpen the focus of the project’s fundamental science and engineering investigations.
In the context of reorganizing competencies and responsibilities, Volkswagen AG plans to carry out a squeeze-out according to German stock corporation law in order to acquire the 0.36% of Audi’s shares that are traded on the stock exchange. AUDI AG will continue to be a stock corporation. —Audi CEO Bram Schot.
The DFC loan is subject to the completion of due diligence, negotiation of detailed terms and legal documentation, DFC management approval and Syrah and Twigg Board approvals. DFC has subsequently undertaken technical, market, environmental, social and legal due diligence on Syrah, Twigg and Balama. Earlier post.) Earlier post.)
The new shareholder group was led by KERN Partners and included Government of Singapore Investment Corporation (GIC) and two large Canadian institutional investors, while existing major shareholders Warburg Pincus LLC and Blackstone Capital Partners participated for a significant portion of the financing. Scotia Waterous Inc.
Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. N-Solv Corporation: $10 million for the N-Solv BEST Pilot Plant at Suncor Dover in Fort McMurray.
Canada-based TC Energy Corporation has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.
The SARTRE project (Safe Road Trains for the Environment) ( earlier post ) has recently completed the first successful test demonstration of a multiple vehicle platoon, with Volvo Car Corporation as the only participating car manufacturer. —Erik Coelingh, technical project manager at the Volvo Car Corporation.
This would make Germany one of the first countries in the world to obtain a legal framework for the introduction of highly and fully automated vehicles. Further technological development depends on a modern legal framework. —Kurt Lehmann, Corporate Technology Officer (CTO) at Continental.
With a top speed of 25 mph (40 km/h) and a range of up to 30 miles (48 km) on a charge, GEM electric vehicles are designed for short-distance transportation and are driven on medical and corporate campuses, universities, military bases, resorts, sports stadiums, gated communities and residential streets.
We finish off the week with a look at where Tesla Motors can legally sell cars directly to customers, examine how dropping gas prices could impact impending Corporate Average Fuel Economy (CAFE) rules, and the Lit Motors C-1 electric motorcycle goes for a test run in a new video. All this and more on Green Car Reports.
Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 The legal advisor to Marathon for this transaction is Baker Botts and the financial advisor is Barclays Capital.
GEM cars are used by local, state and national government agencies, resorts, master-planned communities, universities, medical and corporate campuses, as well as by sports teams, taxi-shuttle services and individual consumers. The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less.
—Erik Ljungberg, Senior Vice President, Corporate Relations at Scania. Our long haulage services will not cause any disruptions to the pace of traffic and we will quite easily be able to maintain the legal speed limit of 80 km/h [50 mph]. —Anders Gustavsson, Managing Director of Scania Transport Laboratory.
Auto manufacturers are legally obligated to notify NHTSA within five business days if they determine that a safety defect exists. We now have proof that Toyota failed to live up to its legal obligations. Approximately 2.3 million vehicles in the US were recalled in late January for the sticky pedal defect. Approximately 2.3
Delaware’s corporate grip seems to be slipping. Coinbase chief legal officer Paul Grewal shared similar sentiments in recent weeks. The post Elon Musks Dexit sparks corporate exodus, threatens Delawares business throne appeared first on TESLARATI. Don’t hesitate to contact us with news tips.
Toyota Motor Corporation (TMC) has agreed to settle the civil penalty demanded in the National Highway Traffic Safety Administration’s 5 April letter related to the company’s recall for slow-to-return and sticky accelerator pedals by paying $16.375 million. Earlier post.). Statement from Toyota Motor.
Lead grant applicant Electric Transportation Engineering Corporation (eTec), a subsidiary of ECOtality, received a $99.8 Scott Becker vice president, Legal and General Counsel, Nissan North America. One of the projects receiving support in the massive $2.4-billion Nissan introduced the LEAF on 2 August.
While the above terms have been commercially agreed and the agreement is binding in respect to the exclusivity period, the parties will only become legally bound to enter into the proposed joint venture upon execution of definitive documents and board approval by the parties.
The DOE conducted an extensive technical, market, financial, regulatory, credit and legal analysis following its determination that the applications were substantially complete in May 2009. Varasano, a former Oracle Corporation and Booz Allen Hamilton executive, founded VVC in 2006. The second was for $241.2
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