article thumbnail

Lordstown Motors recordsdata for Bankruptcy 11 chapter, sues Foxconn, seeks purchaser

Baua Electric

Foxconn, in a remark, stated it used to be hoping it might unravel the dispute thru negotiations, with out resorting to “baseless legal actions.” Lordstown filed for chapter with plans to hunt a purchaser. ” It stated Lordstown’s remark incorporates “false comments” and “malicious attacks.”

article thumbnail

Workhorse Group applies for $250M loan from DOE Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

The company also announced that DOE has deemed its application to be substantially complete for purposes of DOE beginning its preliminary evaluation of the technical, financial, legal and other aspects of the application.

article thumbnail

Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

Green Car Congress

This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long-term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe. This transaction will bring to Total: 2.5

Global 150
article thumbnail

Appeals courtroom to rethink ruling on Elon Musk tweet about unions

Baua Electric

Tesla and its legal professionals didn’t in an instant reply to homogeneous requests. Musk’s utility of Twitter has led to him bother prior to, together with when he tweeted in August 2018 about having “funding secured” to pluck Tesla non-public. Musk purchased Twitter closing October for $44 billion.

Legal 52
article thumbnail

LG Energy Solution signs binding term sheet with Sigma Lithium for battery-grade lithium concentrate

Green Car Congress

The purchase price will be linked to market prices for the high purity lithium hydroxide during the term of the offtake. A larger-scale commercial operation is planned with capacity for 220,000 tonnes (33,000 tonnes of LCE) annually in Phase I, rising to 440,000 tonnes (65,000 tonnes of LCE) in Phase II.

Energy 170
article thumbnail

Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

The purchase price for Albemarle’s 50% interest in the JV would be US$1.15 The exclusivity period extends to 14 December 2018 (or such later period as the parties mutually agree) for the parties to agree upon and execute binding definitive documents. It is expected that the transaction will be accretive to Albemarle’s earnings.

Australia 236
article thumbnail

EPA Administrator broadly outlines Trump Administration thinking on fuel economy standards and California

Green Car Congress

In August 2018, EPA and US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) released a notice of proposed rulemaking (NPRM) to adjust the Congressionally-mandated Corporate Average Fuel Economy (CAFE) and Light-Duty Vehicle Greenhouse Gas Emissions Standards. Purchasing. Earlier post.).