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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

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Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80% stake. General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co.,

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United purchasing 15M gallons of renewable jet fuel from AltAir Fuel; Honeywell’s UOP Green Jet

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United Airlines executed a definitive purchase agreement with AltAir Fuels ( earlier post ) for cost-competitive, sustainable, bio-synthetic paraffinic kerosene at commercial scale.

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EPA trends report sees record levels of average new vehicle fuel economy and CO2 emissions for MY 2012; role of new gasoline vehicle technologies

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The final model year (MY) 2012 adjusted, real world CO 2 emissions rate is 376 g/mi—a 22 g/mi decrease (-5.5%) relative to MY 2011. MY 2012 adjusted fuel economy is 23.6 mpg fuel economy improvement from MY 2011 to MY 2012 is the second largest annual improvement in the last 30 years. Click to enlarge. mpg, or 22%.

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LG Energy Solution signs binding term sheet with Sigma Lithium for battery-grade lithium concentrate

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The six-year agreement scales from 60,000 tons per year in 2023 to 100,000 tons per year from 2024 to 2027 (Guaranteed Take-or-Pay Quantity) subject to Sigma Lithium and LGES executing a mutually acceptable definitive agreement to implement the offtake.

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US District Court issues ruling accepting Special Master’s Markman Report in Valence patent infringement case; trial scheduled for October 2012

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The Court also set a trial date in October 2012. Valence says it believes the adoption of the Special Master’s Report setting the definitions for terms in the claims of the two patents in suit is favorable to Valence’s positions of non-infringement and invalidity as set out in Valence’s pleadings in the lawsuit. Earlier post.).

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GM and PSA Peugeot Citroën provide update on their global strategic alliance; new generation of 3-cylinder engines

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GM and PSA Peugeot Citroën provided an update on their global strategic alliance, announced in February 2012. Both companies had also signed a definitive agreement related to Purchasing. All relevant regulatory approvals were received in the meantime and the joint purchasing organization (“JPO”) will become operational shortly.

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