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Iveco Group acquires full control of Nikola Iveco Europe

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Nikola is granted the IVECO S-Way technology license for North America and related component supply from Iveco Group, and gains joint ownership of the intellectual property of Generation 1 eAxles, technology developed together with Iveco Group’s powertrain brand, FPT Industrial.

Europe 395
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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic.

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Global Bioenergies secures a €5.7M grant to proceed with its second industrial pilot in Germany

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million) grant, should include a three-year study at the Fraunhofer Center for Chemical-Biotechnological Processes (CBP). million grant from the BMBF within the “BioEconomy Cluster” framework. million state financing through the French “Investissements d’Avenir” program. million (US$7.7-million)

Grant 225
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Fulcrum BioEnergy demonstrates integrated process to convert MSW to jet and diesel; $4.7M DoD grant to begin plant engineering

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Fulcrum’s large development program, backed by secured MSW, will have the capacity to produce more than half a billion gallons of fuel in markets across North America at lower costs compared to conventional petroleum fuel, while reducing carbon emissions by more than 80%. Fulcrum will match this DoD grant with $4.7 Earlier post.).

Grant 199
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.

Companies 430
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Azure Dynamics reports progress in restructuring

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The Supreme Court of British Columbia granted the initial order; Ernst & Young Inc. (EY) The US Bankruptcy court granted a temporary restraining order on 27 March and a preliminary injunction order on 9 April pending a full recognition hearing on 3 May 2012. Earlier post.) EY) was appointed Monitor of AZD during the CCAA proceedings.

Grant 218
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Hyundai bringing XCIENT Fuel Cell trucks to California

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Glovis America, a logistics service provider, will be the fleet operator of these trucks. Macquarie’s Specialized and Asset Finance business, part of its Commodities and Global Markets division, will finance the trucks through a lease to the operator. 12-month pilot program with fleet partner to operate two XCIENT Fuel Cell.

Hyundai 243