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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

FCA US has reached final settlements on civil, environmental and consumer claims with US federal and state agencies as well as private class actions to resolve differences over diesel emissions requirements. The estimated total cost of settlements is $0.8 billion, in line with financial charge taken for this purpose in third-quarter, 2018.

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California ARB approves ACC II rule; 100% of LDVs to be PHEVS, ZEV by 2035; LEV IV emissions requirements

Green Car Congress

The rule establishes a year-by-year roadmap so that by 2035 100% of new cars and light trucks sold in California will be zero-emission vehicles (ZEVs) and plug-in hybrid electric vehicles (PHEVs). It does not impact existing vehicles on the road today, which will still be legal to own and drive.

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SEC charges Volkswagen AG, former CEO Winterkorn with defrauding bond investors during emissions fraud

Green Car Congress

By concealing the emissions scheme, Volkswagen reaped hundreds of millions of dollars in benefit by issuing the securities at more attractive rates for the company, according to the complaint.

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Skeleton Technologies raises €41.3 million in Series D from top European entrepreneurs

Green Car Congress

million) Series D financing round. This Series D financing builds on a strong year for Skeleton Technologies, which saw a tripling of its revenues. The roadmap to zero emissions needs innovation and a mix of enabling technologies. Ellex Raidla acted as legal advisors to Skeleton Technologies. million (US$48.4

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Get H2 partners propose green hydrogen pipeline in Europe

Green Car Congress

By using green hydrogen in refineries, in steel production and for other industrial uses, the overall project should be able to avoid CO 2 emissions of up to 16 million tonnes by 2030. The IPCEI program can finance the network construction in part. In Lingen (Emsland) RWE produces green hydrogen via an electrolysis plant.

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Earth Day 2024: each day is about reducing emissions | Autocar Professional

Baua Electric

Industry belched out smoke and sludge with little fear of legal consequences or bad press. million EVs were sold , up 49% YoY growth (CY2022: 10,25,118 units) and is reflective of the accelerating transition to eco-friendly, zero-emission transition in a country which is home to 20 of the world’s most polluted cities.