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Daimler AG Board approves Project Future corporate restructure; goes to shareholders in 2019

Green Car Congress

The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. The new structure comprises three legally independent entities—Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG—under the umbrella of Daimler AG.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The DFC loan is subject to the completion of due diligence, negotiation of detailed terms and legal documentation, DFC management approval and Syrah and Twigg Board approvals. DFC has subsequently undertaken technical, market, environmental, social and legal due diligence on Syrah, Twigg and Balama. Earlier post.)

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Japanese demonstration project begins for commercialization of vessels equipped with high-power fuel cells

Green Car Congress

NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., Project management, ship design and legal compliance. Toshiba Energy Systems & Solutions Corporation. ENEOS Corporation. Implementation of high-power FC system on vessels and development of operation technology.

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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

Green Car Congress

Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol “NKLA.”. VectoIQ Acquisition Corp.

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Cummins to acquire fuel-cell provider Hydrogenics

Green Car Congress

has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, all the issued and outstanding shares of fuel-cell systems provider Hydrogenics Corporation for US$15.00 The transaction is expected to close in the third quarter of 2019. Cummins Inc. Morgan Stanley & Co.

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AutoCanada resolves $250M lawsuit towards former CEO Patrick Priestner

Baua Electric

and the corporate’s founder and previous CEO Patrick Priestner have settled a yearslong prison fight, with neither celebration admitting wrongdoing or legal responsibility. 8, the 2 firms introduced they’d assuredly to unravel the 2019 swimsuit towards Priestner. AutoCanada Inc. In a joint commentary Sept.

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Sentences tossed for three who helped Ghosn departure

Baua Electric

A Turkish courtroom acquitted 3 nation over former Nissan boss Carlos Ghosn’s departure by the use of Istanbul to Lebanon later absconding Japan, a legal professional for one of the vital defendants mentioned. “We appealed the ruling.

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