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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.

Li-ion 199
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Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. Bank of America can help move GCEP technologies to commercialization.

Climate 218
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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. The program has issued loans for projects run by Tesla, Ford and Nissan.

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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

billion of fully committed debt and margin loan financing and is providing approximately $21 billion in equity commitment, the release said. There are no financing conditions to the closing of the transaction. Bank of America Securities and Barclays are also acting as financial advisors. Musk has secured $25.5

For Sale 145
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SEC charges Volkswagen AG, former CEO Winterkorn with defrauding bond investors during emissions fraud

Green Car Congress

The complaint alleges that Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and VW’s financial standing.

Emissions 191
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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

North America, Europe, and Asia Pacific will continue to drive PEV sales, as the technology will have only limited availability in the emerging markets of Latin America and Africa. Too, the planned expansion of the supercharger network in North America to address charging infrastructure concerns will require at least $62 million.

2014 346