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Hyliion and Tortoise Acquisition to merge, combined company to remain listed on NYSE

Green Car Congress

NYSE: SHLL), a publicly traded special purpose acquisition company with a strategic focus on the energy sector and decarbonizing commercial transportation in North America. per share PIPE subscription price and assuming no public shareholders of Tortoise Acquisition Corp. is serving as legal advisor to Tortoise Acquisition Corp.

Companies 220
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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. Legal experts say this case might not be so airtight for China, noting that the U.S. At the same time, the U.S.

China 98
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Junkyard Find: 1987 Chevrolet Sprint ER

The Truth About Cars

What was the most fuel-efficient (mass-produced, internal combustion-powered, highway-legal, non-gray-market, four-wheeled, et freakin' cetera) new car available in the United States during the 1980s? If you want to be picky, the 198 6 Sprint ER was the gas-mileage king of 1980s America, rated at 44 city and 53 highway miles per gallon.

Chevrolet 105
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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Under the partnership, Lordstown agreed to divest its most valuable assets to Foxconn, namely its Lordstown, Ohio manufacturing facility—one of the largest in North America—along with its manufacturing and operational employees. Earlier post.)

Motor 150
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Volkswagen Truck & Bus enters into strategic alliance with Navistar, takes 16.6% stake; entry into N. America

Green Car Congress

of pre-transaction outstanding common stock) in Navistar for a price per share of $15.76 and an aggregate purchase price of approximately $256 million (or approximately €229 million at current exchange rates). Volkswagen Truck & Bus will purchase from Navistar newly issued common shares representing, pro forma for such issuance, a 16.6%

America 150
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New “50 by 50” Commission seeks to halve US transportation energy use by 2050

Green Car Congress

—Scott Keogh, president, Audi of America. Scott Keogh, President, Audi of America (Co-Chair); Dean Seavers, President, National Grid U.S. Passek, President, Copper Development Association; William Peduto, Mayor of Pittsburgh, Pa.; White, Acting President & CEO, American Public Transportation Association.

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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

Plug Power has proven its ability to scale a hydrogen business in North America as a global leader in the hydrogen economy. million shares of common stock at a price of $29.2893 per share, the 30-day VWAP as of January 5th, 2021 at a zero percent discount. Under the terms of the investment, a US subsidiary of SK Group will make a $1.5-billion

Plug-in 186