This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Outdoor Power Equipment Institute (OPEI), along with automakers and marine manufacturers, filed a legal challenge to the US Environmental Protection Agency’s (EPA) “Regulation to Mitigate Misfueling” rule which was meant to address concerns about 15% ethanol blends in non-road products and older model-year vehicles. Earlier post.).
The agreement has no legal effect and imposes no legally binding obligation. Taking actions to expand the use of zero-emission vehicles, aiming for 10% of new public and private vehicle purchases by 2016. The Pacific Coast already has the highest penetration of electric cars in North America.
Credit Suisse is acting as exclusive financial advisor and Shearman & Stearling is acting as international legal counsel to Tengzhong on this transaction. Financial terms of the agreement will not be disclosed at this time. Citi is acting as financial advisor to GM.
confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. Saab Automobile plans to exit legal reorganization shortly. The stock purchase agreement will be subject to agreed closing conditions. General Motors Co.
Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. Searle oversaw an internal purchasing probe during his final days at the company before leaving. Several employees were reportedly terminated due to the purchase. Eskin has been with Tesla since 2017.
Mercedes-Benz is the first automotive company to meet the demanding legal requirements of UN-R157 for a Level 3 system for conditionally automated driving. —Markus Schäfer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG, Chief Technology Officer responsible for Development and Purchasing.
Users can search by state and/or policy category, such as charging incentives, EV purchase incentives, Zero Emission Vehicle programs and EV-ready building codes, and monitor EV fees. This interactive search tool also includes a comprehensive nationwide database of state policies pertaining to transportation electrification.
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. In the US, the Fisker Ocean starts at $37,499 in the base Sport.
The total purchase price, including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P. KMP is expected to purchase a significant portion of EP’s natural gas pipeline assets over the next few years at attractive prices. is approximately $38 billion.
R3: Recycled portion of purchased raw material, including materials recovered or generated by other industries. Only the recycled portion of a purchased raw material may be counted when material consists of recycled and virgin content.
Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. Judge Kathaleen St. per share. .
Several years after the disgraced auto exec fled to Lebanon, the British Virgin Islands High Court ruled that he must surrender a superyacht allegedly purchased using funds he siphoned away from the automaker. The former Nissan and Renault executive’s legal troubles continue elsewhere as well.
DON'T MISS: Tesla Loses Legal. Its politics is bare-knuckle, its hats are big, and so are its ranches. It also generates more renewable wind energy than any other state in the union. Its auto-dealer lobbyists, however, are equally large and powerful.
Used Car Purchase Warning Is It Wise to Choose a Modified Vehicle? Purchasing a used car can be an exciting adventure, offering the opportunity to find a great deal and secure a vehicle that meets your needs and preferences. Legal Compliance: Ensure that the modifications on the car comply with local and state regulations.
In this context, the purchasing incentives of individual states are highlighted as well as potential changes to the legal regulations that will make it more difficult for OEMs to comply with them in the future. Increased sales volumes in Europe are to a large extent due to the purchase incentives contained in stimulus packages.
The definition of the electricity purchase criteria is still outstanding here. Corresponding support models such as so-called Carbon Contracts for Difference (CCfD), which favor the use of CO 2 -free or low-CO 2 steel, have been announced in the German government’s hydrogen strategy, but legal implementation is still pending.
In a March 2021 email, SEPTA General Manager Leslie Richards said she planned to tell Federal Transit Administration officials, who helped underwrite the initial purchase of Proterra buses with a $2.6 A protracted legal back-and-forth began, with Proterra maintaining the buses should be put back into service and SEPTA insisting on a fix.
Repurchases of the common stock may be made from time to time through a variety of methods, including open market purchases, privately negotiated transactions, and block transactions. Any shares repurchased will be classified as treasury stock or retired. The stock repurchase program is effective immediately.
The expected purchase priceis €45 million, payable in cash on closing, and a 2% net smelter royalty on future production. Latitude 66’s most advanced mine development project is the fourth-largest known cobalt deposit in the European Union and the second-largest not yet in production.
The First Things You Must Do After Purchasing a New EV The Essential Steps To Take with a New Car This article may contain affiliate links. Purchasing one can be both an exhilarating and daunting experience, but it’s also full of important tasks that need to be done before they slip through the cracks. Congratulations!
The future procurement joint venture with balanced rights is planned as a small but powerful entity between both parties, leveraging synergies in purchasing. For this purpose, investment banks and legal advisors will be mandated in a timely manner. Joining their forces will strengthen their innovation power, the partners said.
Maersk Line has implemented a new policy to refrain from purchasing shipping containers with floors made of uncertified tropical hardwood. As an interim solution applicable only in 2011, tropical hardwood verified as legally compliant will be accepted while other floor types are scaled up in production.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
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.
We hope in the near future to purchase lithium batteries which will most definitely increase the range to about 100 km (62 miles), improve the top speed to about 100 km per hour and have a battery life between 5 and 10 years. The top speed averages about 80 km per hour (49.71
per share for an equity purchase price of approximately C$724 million, on a fully diluted basis (US$732 million). Lazard is acting as exclusive financial advisor to Rockwood, and Gilbert & Tobin is acting as Rockwood’s legal counsel. Specialty chemicals and advanced materials company Rockwood Holdings Inc. Earlier post.).
million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum. Scotia Waterous Inc.
and Mayer Brown LLP acted as financial advisor and legal adviser to Sinochem respectively on the transaction. Pioneer, as operator, will conduct all leasing, drilling, completion, operations, and marketing activities within the joint interest area. Tudor, Pickering, Holt & Co. Securities, Inc.
This means that, following the purchase and the initial new-car configuration, some of the features of the EQS can be adapted according to personal preferences. In addition to the classic purchase of individual functions, subscriptions, temporary activations and free test phases are also planned.
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.
Economies of scale comprises cost changes that result from increasing plant sizes and purchasing volumes. The researchers looked at academic articles, industry and government reports, press releases, specification sheets and legal filings, says MIT postdoc Micah Ziegler. Ziegler et al.
Avis Budget expects these synergies, combined with the expected growth and rising profitability of Zipcar, to make the transaction accretive to Avis Budget’s earnings per share in the second year following the acquisition, excluding certain items and purchase-accounting effects.
On 27 October, Johnson Controls announced it had chosen not to be the debtor-in-possession (DIP) lender during A123’s bankruptcy process—as had been the original plan—to avoid potential delays posed by threatened legal actions from Wanxiang, which had earlier entered into a major financing deal with A123.
The amount consumers receive depends on the model and year of their Toyota, and the state in which the car was purchased. However, we concluded that turning the page on this legacy legal issue through the positive steps we are taking is in the best interests of the company, our employees, our dealers and, most of all, our customers.
Daimler expects electric models to already make up between 15 and 25 percent of Mercedes-Benz Cars total sales by 2025, depending on the framework conditions such as the development of the infrastructure, the individual customer preferences and the further development of the particular market-specific legal situation.
One of the main barriers to automated driving is the legal requirement in many countries that all vehicles must have a driver in control at all times. In the short term, the main driver for growth in the number of autonomous features installed will be the perceived value of the systems to the new vehicle purchaser.
Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. Credit Suisse is acting as exclusive financial advisor and Shearman & Sterling is acting as international legal counsel to Tengzhong on this transaction. General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co.,
signed an agreement to purchase Telogis, Inc. In connection with the transaction, PJT Partners and Wells Fargo Securities, LLC acted as financial advisors and Debevoise & Plimpton acted as legal advisor to Verizon. Morgan acted as financial advisors and Paul Hastings LLP acted as legal advisor to Telogis. Barclays and J.P.
Tesla and SolarCity reached agreement for the automaker’s purchase of the solar company in an all-stock deal valued at $2.6 After due diligence in consultation with independent financial and legal advisors, the independent members of the Tesla and SolarCity boards of directors approved the transaction. Earlier post.)
The purchase price for Albemarle’s 50% interest in the JV would be US$1.15 The proposed JV, which remains subject to negotiation of definitive documents, would combine Albemarle’s lithium production and marketing expertise with Mineral Resources Limited’s (MRL) leading regional presence and mining capabilities.
Australia-based battery materials company Liontown Resources Limited entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. spodumene concentrate 6%) production capacity of ~500 ktpa.
The frame agreements will form the legal basis for the supply of the facility with cathode active material, anode active material, separators, electrolyte, Al-foil, Cu-foil, and insulation material, comprising more than 90% of the material required on both a value and volume basis.
BorgWarner has identified purchasing efficiencies, redundant public company expenses, other cost synergies and numerous opportunities to accelerate growth through the combined business. BofA Merrill Lynch acted as financial advisor and Sidley Austin LLP provided legal advice to BorgWarner.
Tesla ( NASDAQ: TSLA ) and rental agency Hertz have no binding deal, according to Tesla CEO Elon Musk, who stated the two companies had not entered a legal partnership that would secure Hertz’s purchase of 100,000 Model 3 sedans. ” Technically, Hertz could pull out of the 150,000 vehicle figure and purchase fewer units.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content