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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.

Financing 225
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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

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American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

Suzuki 218
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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

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In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. million units in 2012, up 4.4%

2012 186
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Amsterdam and Renault-Nissan Partner on EVs; Targeting Sales of 1,000 EVs by End of 2011

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Among the specific targets agreed by both parties is a determination to register at least 1,000 EV sales by the end of 2011. Amsterdam has introduced several incentives in order to stimulate EV demand, including free electricity at public charging posts until March 2012, as well as free parking at such posts.

2011 199
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Pennsylvania’s Public-Private Partnership Board approves CNG project for public transit, private fleet fueling

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Through the project, the private partner will design, build, finance, operate and maintain CNG filling stations at up to 37 transit facilities. In addition, PennDOT will enter into a CNG supply contract with the selected partner as well as purchase agreements with each of the transit agencies.

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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China vehicle sales and gasoline consumption. Under the Energy Saving and New Energy Vehicle Plan for 2012 to 2020 released in 2012, average passenger car fuel economy is targeted to increase to 34 miles per gallon (6.9 Despite incentives, electric vehicles sales to date have been minimal. Source: EIA. Click to enlarge.

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Shell completes acquisition of Repsol S.A. LNG portfolio

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Since the announcement of the transaction in February 2013, certain value adjustments have been made in accordance with the terms of the sales and purchase agreement. These are expected to lead to a net cash purchase price of $3.8 billion (subject to post closing adjustments), compared to purchase price of $4.4

Peru 210