article thumbnail

Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Twitter confirmed the sale to Musk in a statement on Monday. billion of fully committed debt and margin loan financing and is providing approximately $21 billion in equity commitment, the release said. There are no financing conditions to the closing of the transaction. “Twitter, Inc. Musk has secured $25.5

For Sale 144
article thumbnail

California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

Green Car Congress

The California Air Resources Board announced that Ford Motor Company has agreed to fines totaling $2,960,000 for violations of air quality laws related to the sale of vehicles with non-compliant On-Board Diagnostic (OBD) systems in California. Officials estimate the money will support loans for about 90 clean-diesel vehicles.

article thumbnail

Arkema boosting Kynar PVDF production to meet Li-ion materials demand; targeting €1B in battery sales by 2030

Green Car Congress

Arkema now aims for sales of at least €1 billion in the battery sector by 2030. This Center of Excellence, which will help accelerate the development of advanced materials and processes for future generations of more efficient, safer and more compact batteries, was partly financed by the Région-Auvergne-Rhône-Alpes.

Li-ion 221
article thumbnail

LG Energy Solution cuts investments after weak earnings

Teslarati

LG Energy Solution (LGES) is cutting some investments after reporting weak earnings, mostly attributed to slow electric vehicle (EV) sales growth. “W W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. billion won (US$114 million).

Energy 96
article thumbnail

Amyris files for Chapter 11

Green Car Congress

In tandem, to advance its restructuring goals and maximize the value of its assets, Amyris is planning to exit its consumer brands and will begin marketing them for sale, with a view to having these brands continue to leverage Amyris’ science and technology while under new ownership.

Delaware 150
article thumbnail

Retail sales rise 27% to 2.20 million vehicles in April 2024 | Autocar Professional

Baua Electric

The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. The key growth drivers for sales last month are the favourable market sentiment driven by stable fuel prices, positive monsoon outlook by the IMD, festive demand and the marriage season. million units).

Sale 52
article thumbnail

Retail sales rise 27% to 2.12 million vehicles in April 2024 | Autocar Professional

Baua Electric

The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. The key growth drivers for sales last month are the favourable market sentiment driven by stable fuel prices, positive monsoon outlook by the IMD, festive demand and the marriage season. million units).

Sale 52