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Coskata Inc. completes first close of Series D financing round

Green Car Congress

a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. After this first close to the round, Coskata plans a final close of the transaction in Q4 of 2011. Coskata Inc.,

Financing 199
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Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

Dubbed the “Supermajors’ Cost Index,” Apex concludes that the supermajors spent 66 percent more on development costs in 2015 than they did in 2011, despite the widely-touted “efficiency gains” implemented during the worst of the market slump. As a whole, the development costs for the group of “supermajors” rose 66 percent to $18.39

Oil 150
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Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The Volkswagen Group is set to continue its growth in China over the next few years. Between 2009 and 2011, the Group is to invest a total of €4 billion (US$5.8 The investments are to be financed from the cash flow of the Chinese joint venture companies. Winfried Vahland, President and CEO of Volkswagen Group China.

China 210
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

Green Car Congress

Rental car company Avis Budget Group, Inc. Nelson, Avis Budget Group chairman and CEO. In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar’s public-company costs.

Companies 218
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Continental extends term of Nikolai Setzer as CEO, appoints new board member for automotive group sector – ET Auto

Baua Electric

In another resolution, Philipp von Hirschheydt (48) was appointed new Executive Board member for the Automotive group sector effective May 1, 2023. As planned, Setzer will thus hand over his additional responsibility for the Automotive group sector in order to concentrate on his duties as CEO.

Auto 40
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Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

Green Car Congress

Chrysler Group LLC has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of common shares. In 2012, 26 percent of our vehicles incorporated a 4-cylinder engine, as compared to 24 percent in 2011 and 19 percent in 2010. —Chrysler S-1.

Chrysler 268