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BASF to provide sustainable refinish coatings solutions and technical services to Didi’s body and paint shops

Green Car Congress

This will help us increase efficiency by integrating the whole value chain of contractors, dealers, and repair centers. Chinese future spray painters are professionally trained by BASF. Since launching the program in 2008, BASF has established 29 schools in China. —Gu Haijie, President of Xiaoju Autocare.

China 221
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DEED advertising pays off

Electric Auto Association

DEED equity: Used EV dealer attracts diverse crowd The chapter was also creative when it came to lining-up EV dealership participation. In addition to securing cars from private owners and the local Audi, BMW, Mercedes, and Tesla dealerships, a used EV dealer was also engaged. DEED ride-and-drive event.

Prius 92
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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles. billion in 2008 to $23.2

GM 150
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

With this investment, Daimler is proving its strong support for BAIC Motor’s intention to launch an initial public offering (IPO) in the future. Earlier this year, BAIC was ranked second on KPMG’s Global Auto Executive Survey 2013, a ranking of the top automotive companies that are expected to gain market share in the future.

Chinese 259
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SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act

Green Car Congress

Between 2008 and 2011, a period when Scuderi Group sold more than $75 million in securities despite not obtaining any revenue, Mr. Scuderi authorized more than $3.2 Scuderi Group sold securities pursuant to these PPMs from 2008 to 2012, raising approximately $75 million. million in Scuderi Group spending on such purposes.

Engine 249
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. This downward trend is not simply due to the restrictions of free movement.

Europe 261
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

This move comes ahead of an intention by BAIC Motor to launch an initial public offering (IPO) in the future. Our investment is a strong sign of the increased level of trust and cooperation between our two companies and clearly emphasizes the long-term commitment to a joint successful future of our two companies.

Motor 247