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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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UK Electric Car number cross 500,000 mark

EV Info

This has been blamed on supply shortages, and Government grants worth up to £1,500 for purchases of new plug-in cars being scrapped in June. The number of registrations during the first three months of the year was 102% more than during the same period in 2021. At the end of August, the year-to-date increase had fallen to 49%.

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Minda Corporation, Pricol to present arguments to CCI over stake acquisition | Autocar Professional

Baua Electric

The move was labelled a “hostile takeover” by many in the auto industry, setting the stage for a potential battle before the antitrust regulator. After its evaluation, the CCI can approve the transactions, grant conditional approval, or even deny the approval. Minda Corporation and Pricol Ltd.

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Volkswagen & Audi to pay >$14.7B in US to settle 2.0L diesel emissions case; $2B of that to promote ZEVs

Green Car Congress

If approved by the Court, this will be the largest consumer auto industry class action settlement in US history. For example, most owners who purchased a 2.0-liter When and if the Court grants final approval, the claims process will open to eligible Volkswagen and Audi 2.0

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US Utilities Pledge to Ramp Up Efforts To Make Electricity a Crucial Transportation Fuel

Green Car Congress

Vehicle and Infrastructure Incentives : Utilities pledge to work with federal, state and local stakeholders to help develop purchase and ownership incentives (monetary/non-monetary) supporting both vehicles and infrastructure deployment. We, as an industry, are eager to collaborate with the auto industry and others to bring PEVs to market.

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As Governments Worldwide Tighten Fiscal Wallets, Are EV Programmes at Risk?

All Cars Electric

coalition government has warned auto industry that it cannot continue to offer financial assistance to enable it to fully recover from the global recession. In addition, concern has been raised that even purchase grants for plug-in vehicles may be at risk if the government is unable to save money elsewhere in its budget.