article thumbnail

Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

In this context, the purchasing incentives of individual states are highlighted as well as potential changes to the legal regulations that will make it more difficult for OEMs to comply with them in the future. Increased sales volumes in Europe are to a large extent due to the purchase incentives contained in stimulus packages.

article thumbnail

Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel. The litigation accuses Foxconn of fraud and willful and consistent failure to live up to its commercial and financial commitments to Lordstown. Earlier post.)

Motor 150
article thumbnail

Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

What was the most fuel-efficient (mass-produced, internal combustion-powered, highway-legal, non-gray-market, four-wheeled, et freakin' cetera) new car available in the United States during the 1980s? It appears that this engine was not legal for sale in high-altitude areas.

Chevrolet 105
article thumbnail

Tesla wins Autopilot, FSD “misleading” marketing lawsuit in Germany: report

Teslarati

The Higher Regional Court of Munich rejected this suggestion, stating that anybody visiting Tesla’s website with the intention to purchase an electric vehicle is appropriately informed that the car they are purchasing is not fully autonomous. .

Germany 98
article thumbnail

Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.

Tax 136
article thumbnail

Workhorse Group applies for $250M loan from DOE Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

The company also announced that DOE has deemed its application to be substantially complete for purposes of DOE beginning its preliminary evaluation of the technical, financial, legal and other aspects of the application.

article thumbnail

BorgWarner to acquire Remy International

Green Car Congress

BorgWarner has identified purchasing efficiencies, redundant public company expenses, other cost synergies and numerous opportunities to accelerate growth through the combined business. BofA Merrill Lynch acted as financial advisor and Sidley Austin LLP provided legal advice to BorgWarner.