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Austrian bus company signs framework agreement for up to 106 Solaris battery-electric and hydrogen buses

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Buses to be purchased by ÖBB include up to 24 of the latest, zero-emission Urbino 9 LE electric buses, and up to 82 Urbino 12 hydrogen buses. The contract also provides for the possibility to purchase Urbino 9 LE electric buses, the youngest member of the electric Solaris family, which was launched in September 2021.

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Allison Transmission purchases equity stake in Odyne Systems; commercial hybrid trucks

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During that time, Allison developed hybrid propulsion systems for city buses which went into production in 2003. Allison Transmission has been a leader in hybrid-propulsion technology since the early 1990s. By the end of 2011, city buses equipped with the Allison H 40/50 EP hybrid system were operating in 230 cities worldwide.

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BMW Group extends joint venture contract in China until 2040

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Founded in 2003 with Chinese partner Brilliance China Automotive Holdings Ltd. Payment of the purchase price is expected to be completed by 22 February. The BMW Group will use the additional capacity to manufacture models for the Chinese market locally, which are also being produced in other plants.

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Lux: nearly $7B in private investment in emerging oil & gas E&P technologies over last decade

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Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.

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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Obama noted that last year, US oil production reached its highest level since 2003 and that for the first time in more than a decade, imported oil accounted for less than half the liquid fuel consumed. The fleet of cars and trucks we use in the federal government is one of the largest in the country. —President Obama.

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Government of Québec unveils $2.7B climate change action plan; 63% of spending targeting transport

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billion) of the funding of the action plan will finance measures in the transport sector—specifically developing public transportation, supporting the purchase of equipment that reduces consumption of fossil fuels, and encouraging the use of hybrid trucks and conversion to natural gas. Almost 63% (C$1.7 above the level of 1990.

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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

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The purchase price is RMB 5.6 Volvo’s transaction with DFG follows an agreement between DFG and Nissan Motors, in which DFG purchased the medium- and heavy-duty commercial vehicle operation from the joint venture DFL (owned jointly by DFG and Nissan Motors).

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