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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

The proceeds will be used for current working capital, parts acquisitions to fulfill existing and future customer purchase orders and contracts as well as to satisfy full repayment of the senior secured notes incurred in July 2018. Workhorse Group Inc., The facility has a three-year term secured by a first priority lien on all assets.

Financing 259
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Abandoned History: Oldsmobile's Guidestar Navigation System and Other Cartography (Part VI)

The Truth About Cars

The show car was production ready, save for the Guidestar. The all-new navigation system entered testing in late 1994 and was put into production Oldsmobiles for the 1995 model year. Ninety Eight was also due to be phased out in favor of the upcoming flagship Aurora, a most needed product change.&

Parts 115
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Niti Aayog gives proposal to RBI for electric vehicles purchase loans 

Electric Vehicles India

Niti Aayog gives proposal to RBI for electric vehicles purchase loans . For the faster adoption of electric vehicles in the country, the Reserve Bank of India is considering a proposal from the government’s policy think tank Niti Aayog to categorise loans to purchase electric vehicles under the priority sector lending (PSL) segment.

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Responsible Battery Coalition and U Michigan launch study to compare electric and gas vehicle lifetime costs

Green Car Congress

The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Gregory Keoleian, Director of the Center for Sustainable Systems at the University of Michigan.

Michigan 199
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GM boosting EV product spending to $27B through 2025; 1st use of Li-metal anode in GM battery

Green Car Congress

Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle. More than half of GM’s capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs. Production cells are expected by mid-decade. —Mary Barra.

GM 259
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UPS invests in Arrival, orders 10,000 electric delivery vehicles

Green Car Congress

Along with the investment in Arrival, UPS also announced a commitment to purchase 10,000 electric vehicles to be built for UPS with priority access to purchase additional electric vehicles. Future vehicle purchases are contingent on successful tests of initial vehicles. Vehicle purchase prices will not be disclosed.

Vehicles 300
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The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% In the coming years, LCR has the potential to be an important additional source of capital to bring NORI-D and other TMC projects into production.

Carbon 352