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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

Fiat Chrysler Automobiles’ wholly owned subsidiary FCA US LLC has agreed with with the U.S. In addition, FCA US will pay $19 million to the State of California for emissions mitigation initiatives, while also financing the upgrade of 200,000 high-efficiency catalytic converters through the aftermarket.

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Daimler restructures cooperation with Tesla; termination of share-price hedging and sale of 4% stake

Green Car Congress

—Bodo Uebber, Member of the Board of Management of Daimler AG for Finance & Controlling and Financial Services. In 2014, Mercedes-Benz sold more automobiles with hybrid drive than all other German manufacturers combined, although far less than Toyota, which currently has about 80% hybrid share in Europe.

Price 291
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Soteria BIG licenses ORNL Li-ion battery safety technology

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Soteria Battery Innovation Group Inc is an advanced technology development and licensing company that has formed a consortium to promote a light, safe and cost-effective architecture for lithium-ion batteries. The technology complements Soteria’s existing battery safety technology.

Li-ion 286
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Volkswagen Group to invest ~€60B in hybridization, electric mobility and digitalization over next 5 years; ~€33B on electromobility

Green Car Congress

In light of the worsening economic situation, we are also working on increasing our productivity, our efficiency and our cost base so as to secure meeting our targets. A camouflaged version of the ID.Next was already presented at this year’s Internationale Automobil-Ausstellung (IAA).

Hybrid 191
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Potsdam/TUB/BMW report says cap-and-trade instrument for road transport fuels combined with vehicle efficiency metrics is the most promising policy approach to reduce transport GHG

Green Car Congress

The study, written by scientists of the Technical University Berlin (TUB) and PIK, was commissioned and financed by the BMW Group. Second, car manufacturers can react to standards through technology and innovation, shifting their automobile portfolio, but also by pushing additional fuel efficient cars into the market (e.g.

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8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

This will include working with the automobile manufacturers and dealers to ensure that all plug-in electric vehicle models are available for sale and aggressively marketed in all MOU states. Assessment of creative vehicle financing innovations. Lead by example through increasing ZEVs in state, municipal, and other public fleets.

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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

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