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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

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.,

Financing 170
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Rivian (RIVN) clashes with Bosch in new legal battle over EV motors

Baua Electric

EV maker Rivian (RIVN) is locked in a new legal battle with the world’s largest auto parts supplier, Bosch. Rivian shot back, saying it was “choked off” by Bosch with insufficient supply, causing production issues and “cataclysmic” damage to the brand and its finances. FTC: We use income earning auto affiliate links.

Legal 52
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Tesla loses Head of Legal who oversaw internal purchasing probe

Teslarati

Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. ” Tesla’s Finance Department reportedly flagged the purchase, which then incited Searle to oversee the entire investigation. Tesla has gone through several Head Legal employees in the past several years.

Legal 100
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Tesla boosts its legal team by hiring top securities lawyer

Teslarati

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. .

Legal 98
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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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AYRO launches low-speed Electric Vaccine Vehicle

Green Car Congress

When configured as a street-legal vehicle it can serve populations unable to get to vaccination sites because they don’t have access to transportation—including millions of high-risk older adults and low-income households. Element Fleet Management Corp.,

Vehicles 502
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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.