article thumbnail

Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill also includes a reporting requirement for State agencies that purchase vehicles.

Maryland 207
article thumbnail

National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

article thumbnail

General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab

Green Car Congress

General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB. Deutsche Bank acted as financial advisor to General Motors Corporation.

article thumbnail

GM and Koenigsegg Sign Stock Purchase Agreement For The Sale Of Saab

Green Car Congress

General Motors Co. 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.

Purchase 170
article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

Under current law, consumers may receive a tax credit of up to $7,500 if they purchase an eligible electric vehicle. The Driving America Forward Act raises the cap and allows purchasers of an additional 400,000 vehicles per manufacturer to be eligible for the tax credit. ITC Holdings Corp., ITC Holdings Corp.,

article thumbnail

Sale of Opel and Vauxhall to Groupe PSA finalized

Green Car Congress

The sale of Opel Automobile GmbH with its brands Opel and Vauxhall by General Motors to Groupe PSA has now been finalized. They are the perfect fit to our existing portfolio of French brands Peugeot, Citroën and DS Automobiles. Opel/Vauxhall and Groupe PSA will continue to work with General Motors in the future.

Sale 150
article thumbnail

UAW President: Tesla workers are union “members of the future”

Teslarati

I still believe the automobile industry is a major force for good in our country. The UAW’s strike against Ford, General Motors (GM), and Stellantis has closed out its first month. . “We need to come together to bring an end to this acrimonious round of talks. Don’t hesitate to contact us with news tips.

Future 143