article thumbnail

Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

Purchase 299
article thumbnail

Valero purchases 11th ethanol plant; increases total capacity to 1.3B gallons per year

Green Car Congress

Valero Renewable Fuels Company, LLC, a wholly owned subsidiary of Valero Energy Corporation, has purchased a corn ethanol plant in Mount Vernon, Ind. The Mount Vernon plant is the 11 th corn ethanol plant in Valero Renewables’ system and its second in Indiana. from Aventine Renewable Energy-Mt. That relationship will continue.

Purchase 236
article thumbnail

Electric Motors Corporation (EMC) Receives First Indiana Incentives to Launch Electric Automotive Technology

Green Car Congress

The State of Indiana is offering $4.6 million in tax credits and up to $200,000 in training grants to Electric Motors Corporation (EMC), based on the company’s plans to establish an electric vehicle industrial development park the state. Earlier in May, Electric Motors Corporation was acquired by Optimax Industries, Inc.,

Indiana 150
article thumbnail

Bollinger Motors plans $44M growth alike Detroit, developing 237 jobs

Baua Electric

The board of the MEDC’s investment arm, the Michigan Strategic Treasure, on Tuesday licensed a $3 million performance-based handover for the venture, which the MEDC mentioned would offset the spare value of increasing in Michigan as opposed to a competing web site in Indiana. The corporate at the moment employs 55 in Michigan.

Detroit 52
article thumbnail

Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda is formalizing its goals for achieving carbon neutrality for all products and corporate activities by 2050, as well as zero traffic collision fatalities involving Honda automobiles and motorcycles globally by 2050. With this aim, Honda will be starting development for testing in Japan from this year. Advanced Battery Technology.

Honda 400
article thumbnail

AutoNation buys Stellantis, Subaru, Volkswagen, Mazda and Hyundai dealerships in California

Baua Electric

Baker mentioned he purchased out his father, the overdue Bob Baker, over 10 years, excluding a couple of shops his father had offered one after the other. Bob Baker, who died in 2021 simply shy of his ninetieth birthday, purchased his first dealership in 1965 in Indiana.

Mazda 52
article thumbnail

REE closes $15M share offering, links with Airbus, and showcases demo EV at Work Truck Week

Baua Electric

Not to be outdone, REE also shared two additional updates, including a look at a demo truck on display in Indiana later today. million and will be used for working capital toward product development and commercialization, in addition to “general corporate purposes.”