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Nidec to Acquire Emerson Electric Co. Motors & Controls Business

Green Car Congress

Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, has entered into an asset and stock purchase agreement with Emerson Electric Co. EMC) to acquire EMC’s Motors & Controls business in an all cash deal. Tags: Motors. Terms of the arrangement were not disclosed. Earlier post.)

Motors 186
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Peugeot Signs EV Partnership LOIs with Veolia and Greenwheels; Peugeot and Greenwheels Join the European EVA Project

Green Car Congress

At the Brussels Motor Show, Peugeot signed two Letters of Intent (LOI) agreements with Veolia and Greenwheels concerning the purchase of electric vehicles and the development of mobility services. to 3% of the passenger vehicle market, including all types and all marques, in Europe by 2015.

i-MiEV 186
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Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

Green Car Congress

At present, 17 of the 27 EU Member States levy CO 2 -related taxes on passenger cars, and 15 governments provide tax incentives for electrically chargeable vehicles, according to the newly published European Automobile Manufacturers’ Association (ACEA) Tax Guide 2010. Tags: Climate Change Emissions Europe Plug-ins Policy.

Tax 268