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Volkswagen picks up pace of transformation with new ACCELERATE strategy

Green Car Congress

In 2016, Volkswagen kicked off its far-reaching transformation and the industry’s biggest electric offensive with the TRANSFORM 2025+ strategy. The individual configuration will no longer be set through the hardware when the vehicle is purchased. With our strategy we will ACCELERATE towards the digital future. Increasing profitability.

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Broad-Ocean Motor in strategic collaboration with Ballard; $28.3M investment, 9.9% ownership; initial order for 10,000 fuel cell vehicles

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On 18 July 2016, Broad-Ocean signed an agreement with Guangdong Nation Synergy Hydrogen Power Technology Co. relating to the purchase of 10,000 fuel cell vehicles, including buses and delivery trucks, all of which are expected to have Ballard’s leading PEM fuel cell technology inside.

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Volkswagen Group to spend >$40B over next 5 years to develop electric mobility, autonomous driving, new mobility services and digitalization

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In 2016, the corresponding capex ratio stood at 6.9%. These companies finance the investments in the Chinese plants and products from their own resources. To this end, the Company has invited tenders for one of the largest purchasing volumes ever, with plans to spend over €50 billion (US$60 billion) on battery cells.

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GM 5-year growth strategy for China; 10 New Energy Vehicles in the coming mix

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Working with its Chinese partner SAIC, GM will replace several current vehicles for growth markets based on multiple architectures with an even larger family of vehicles based on one core architecture. In addition to vehicles, GM is also addressing business opportunities in value-added services such as automotive financing and insurance.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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Pursuant to the terms of the definitive agreements, Wanxiang would provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility. In addition to the initial credit extension of $25 million, $50 million would be funded after the satisfaction of certain closing conditions.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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and China markets, while the Russian Finance Ministry recently backed away from a tax proposal which Russian crude producers said would reduce their output. per barrel oil in 2015 and 2016 respectively, while the October projections are based $51.62 Crude prices bear much of the responsibility: the April forecasts were based on $58.14

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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Incurrence of the remaining $50 million of loans under the Senior Secured Bridge Facility would be subject to the satisfaction of certain approvals and conditions, including receipt of favorable determination from CFIUS and receipt of Chinese government approvals.

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