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Wilmington Trust selected as trustee for $2.7B Volkswagen Environmental Mitigation Trust

Green Car Congress

Wilmington Trust chaired the unsecured creditors’ committee for both the General Motors Corporation and Lehman Brothers bankruptcy cases. WorldCom, General Growth Properties, and Tribune Company bankruptcies, among others. WorldCom, General Growth Properties, and Tribune Company bankruptcies, among others.

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GM leaps ahead in lithium mining race, secures next-gen extraction deal

Teslarati

General Motors (GM) has secured a next-generation lithium extraction deal with Puerto Rico-based startup, EnergyX.

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Penske Seeking to Buy Saturn

Green Car Congress

General Motors Corp. and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the Saturn brand. Earlier post.)

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Blink’s 2023 Year in Review

Blink Charging

In a wave of announcements, legacy automakers including Ford, General Motors, BMW, and Nissan announced their intention to use the NACS connector in future EVs. To meet the needs of EV drivers everywhere, Blink Charging will offer the NACS charging standard on our full line of charging stations, including Level 2 and DCFC.

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Tesla NACS adoption required for EV charging companies in TX

Teslarati

The Texas Department of Transportation explained to Reuters that Tesla NACS’ support from Ford, General Motors, and recently EV startup Rivian has “changed requirements for Phase 1” of the state’s program to electrify highways with federal funds.