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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

The estimated total cost of settlements is $0.8 Customer compensation, the estimated future cost of the extended warranty and the cost of environmental mitigation efforts also account for approximately $400 million, bringingbthecestimated total to $800 million. 6 million to Customs and Border Protection.

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Torotrak to acquire remaining 80% of Flybrid for up to £23M; targeting commercial launch of M-KERS in 2015

Green Car Congress

The group intends to exploit what it sees as a market window from 2015 to 2020 in which new technologies are being demanded to achieve new EU CO 2 targets applying to vehicle manufacturers’ overall fleets. M-KERS can recover up to 70% of braking energy for around a third the cost of battery electric hybrids, the company says.

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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

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Comparative levelized cost of electricity in 2025 ($/MWh) at different CO 2 prices. Representative costs are reported in constant December 2010 US dollars. LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Source: EPRI.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

billion) above the FY 2015 enacted level. billion above the FY 2015 Enacted level, sustains DOE’s role as the largest federal sponsor of basic research in the physical sciences and develops and operates advanced scientific user facilities at the National Laboratories to maintain the nation’s primacy in science and innovation.

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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

Electra Vehicles was founded in 2015 by energy storage expert Fabrizio Martini, following his work with NASA, where he developed a novel battery system for Venus-bound spacecraft. Existing investors LIFTT S.p.A., Club degli Investitori, and BlackBerry Limited also participated in the round. Since raising an investment round of $3.6

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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

Green Car Congress

billion (US$27 billion) in new production facilities and products in the period from 2015 to 2019. These investments will be financed from the joint ventures’ own funds. We will continue to invest in the future to become the leading automotive group in both ecological and economic terms – with the best and most sustainable products.

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Oil Majors’ Costs Have Risen 66% Since 2011

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The result could be an uptick in the cost of producing oil for the first time in a few years. Rystad Energy estimated the average shale project could see costs rise by $1.60 Apex put together a proprietary index that measures cost pressure for the “supermajors” – ExxonMobil, Royal Dutch Shell, Chevron, Eni, Total and ConocoPhillips.

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