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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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Michigan, Cavnue to create corridor for connected and autonomous vehicles between Ann Arbor and Detroit

Green Car Congress

Michigan Governor Gretchen Whitmer announced an initiative to develop a first-of-its-kind corridor for connected and autonomous vehicles (CAV) designed to improve transportation for communities in Southeast Michigan. This includes leading test tracks, universities, automotive companies, and key economic anchors.

Michigan 221
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$100 million Toyota funding finances proceed on robotics and controls

Baua Electric

Each and every college spouse groups up with a Toyota researcher on a particular form of inquiry, operating on answers particular to dad or mum corporate Toyota Motor Corp. Those robots can wrinkle laundry and flaunt versatile luggage, dynamic duties with implications for car building. and for the business.

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Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

Green Car Congress

These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Valero will provide project management to build and will operate the Kinross facility, and will hold a majority interest in the joint venture.

Financing 210
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

a pioneer in materials science and renewable energy technologies, today voluntarily filed a petition for relief under Chapter 11 in the US Bankruptcy Court for the Eastern District of Michigan. Bankruptcy Court for the Eastern District of Michigan. 51-year-old Energy Conversion Devices, Inc. Earlier post.) Chapter 7 for SIT. (SIT),

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VERBIO launches first cellulosic RNG plant in the USA

Green Car Congress

The integration of RNG and ethanol production, unique to VERBIO, incorporates advanced operational technology to build on the company’s successful experiences in Europe. In early 2023, the site will begin operating as a biorefinery, producing 19 million EGE of RNG and 60 million gallons of corn-based ethanol, annually.

USA 195
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11 more GM facilities worldwide go landfill-free; total up to 122

Green Car Congress

Grand Rapids Operations (Michigan). Burton Warehouse and Distribution Center (Michigan). GM Heritage Center (Michigan). GM’s Shanghai headquarters, a LEED-Gold facility, formed a “Green Team” spanning IT, finance, facilities, R&D and supply chain departments to identify recycling and waste reduction opportunities.

GM 225