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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

The share sale follows two bond issues earlier this year, a €500-million (US$521-million) bond to global institutional investors in May, and a further SEK3 billion (US$320 million) to Swedish institutional investors in November. The latest financing move is another step towards Volvo Cars’ long-expressed ambition to act as a listed company.

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

Green Car Congress

In order to complete the financing of the project, the European Investment Bank (EIB) is considering a loan of up to 50% of the €280 million (US$416 million) debt financing. Batteries produced by the joint venture would be available for sale to any manufacturer. billion) financed by the French government.

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

However, according to a new report from Pike Research, PEV production will fall well short of the government’s ambitious goals of manufacturing 500,000 PEVs a year by 2015. planned for sales to the mass market in five pilot cities encountered delays due to infrastructure installments, Pike noted, and consequently were not rolled out in 2011.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 in 2015 and 2016 respectively). in 2015 and 2016 respectively). percent of GDP in 2014.

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ICCT report highlights importance of California ZEV mandate for EV policies worldwide, recommends steps forward

Green Car Congress

The ZEV mandate requires that large volume manufacturers produce and offer for sale in California a specified number of ZEVs. The existing ZEV program requirements are primarily expressed in terms of the number of vehicles that must be offered for sale, with adjustments for different types of vehicles.

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Their Bionic Eyes Are Now Obsolete and Unsupported

Cars That Think

By June 2015, Byland was the only person on the planet with two bionic eyes. Greenberg’s relationship with Second Sight’s investors had been worsening over the years; he stepped down as CEO in 2015 and then. In fact, when Second Sight offered him the Argus II, he was eager to try it.