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Automotive industry develops new guidance for measuring recycled content of automotive products

Green Car Congress

The document is designed to outline a common industry-supported definition and straightforward approach for measuring recycled content of automotive products consistent with those approaches outlined in other standards. R3: Recycled portion of purchased raw material, including materials recovered or generated by other industries.

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Core Lithium and Tesla enter into binding term sheet for the supply of lithium

Green Car Congress

Australia-based Core Lithium has entered into a legally binding Term Sheet with Tesla for the supply of up to 110,000 tonnes of Li 2 O spodumene concentrate from the Finniss Lithium Project over a term of 4 years, with pricing referenced to the market price for spodumene concentrate, subject to a price floor and ceiling.

Supplies 195
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BorgWarner to acquire Remy International

Green Car Congress

BorgWarner has entered into a definitive agreement to acquire Remy International, Inc., BorgWarner has identified purchasing efficiencies, redundant public company expenses, other cost synergies and numerous opportunities to accelerate growth through the combined business.

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We Are Now Legal!!!

DIY Electric Car

miles) per charge with a charging cost that has averaged about $0.67 We hope in the near future to purchase lithium batteries which will most definitely increase the range to about 100 km (62 miles), improve the top speed to about 100 km per hour and have a battery life between 5 and 10 years. We are averaging about 25 km's (15.33

Legal 100
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Sinochem enters Permian Basin shale via $1.7B agreement with Pioneer Natural Resources; 40% ownership plus funding for Pioneer

Green Car Congress

In addition, Sinochem has agreed to fund 75% of Pioneer’s share of drilling and completion costs until an additional $1.2 and Mayer Brown LLP acted as financial advisor and legal adviser to Sinochem respectively on the transaction. Consideration for the sale includes $500 million in cash at closing, subject to adjustment.

Dallas 218
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NXP acquiring Freescale for $11.8B; shooting for Nº 1 automotive semiconductor supplier

Green Car Congress

have entered into a definitive agreement under which NXP will merge with Freescale in an approximately $11.8-billion NXP anticipates achieving cost savings of $200 million in the first full year after closing the transaction, with a clear path to $500 million of annual cost synergies. NXP Semiconductors N.V.

Legal 150
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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 Canada-based Osum Oil Sands Corp.

Oil-Sands 210